Special Rules for Use of Retirement Funds

The CARES Act allows individuals to make up to $100,000 in coronavirus-related distributions from their retirement accounts that would otherwise be subject to the 10% additional tax on early withdrawals.  Eligible retirement plans from which the distributions may be withdrawn include IRAs, qualified employer-sponsor retirement plans, 403(a) annuity plans, 403(b) tax sheltered annuity plans, and … Continue reading Special Rules for Use of Retirement Funds