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  • Tag: CARES Act
401k Penalty for Early Withdrawal

Taxation of 401k withdrawals under the CARES Act

January 27, 2023February 10, 2023 Robert Aufseeser

Essentially, the CARES Act eliminates the 10% early withdrawal penalty for certain distributions taken from retirement plans such as 401(k) and 403(b) plans, and IRAs.

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Taxation CARES Act, COVID-19, early 401k withdrawal, Retirement Plan Withdrawal, Tax Relief, taxation

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