Posts Tagged ‘COVID’

Can one who withdrew funds from his retirement account in 2020 due to COVID pay the money back without paying taxes?

  • July 15th, 2022
  • David Greene
  • Comments Off on Can one who withdrew funds from his retirement account in 2020 due to COVID pay the money back without paying taxes?

Section 2202 of the CARES Act, enacted on March 27, 2020, provided for some special rules for paying back distributions from retirement plans and IRAs if the withdrawal was related to COVID.  One new provision is that the amount withdrawn…

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