What Qualifies as a “Coronavirus-Related Distribution” From a Retirement Plan?
The CARES Act (Coronavirus Aid, Relief and Economic Security) allows “qualified” people to take certain “coronavirus-related distributions” from their retirement plans without paying tax. So how do you qualify? In other words, what constitutes a coronavirus-related distribution? Early distribution basics In general, if you withdraw money from an IRA or eligible retirement plan before you […]
