CARES Act Allows Penalty-Free Withdrawals from Some Retirement Plans
![CARES Act Allows Penalty-Free Withdrawals from Some Retirement Plans](/media/2532/cares-act-allows-penalty-free-withdrawals-from-some-retirement-plans.jpg?anchor=center&mode=crop&width=1024&height=576&rnd=132405995930000000)
Taxpayers can dip into Coronavirus Aid, Relief, and Economic Security Act-specified retirement accounts without suffering a penalty, according to an Internal Revenue Service press release published yesterday. This reminder comes just days after the $600 unemployment benefits included in that legislation expired.…
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