Tax relief for victims of natural disasters? Yes! Most of us will always remember the year 2020 as the year of the mask. But on top of the worldwide pandemic, street protests, and hotly contested election races, the U.S. had numerous natural disasters in 2020; hurricanes, an unprecedented number of wildfires, flooding and severe windstorms …
Retirement Plan Loans
Running Low on Money? Congress Has Made It Easier for You to Access Your Retirement Savings
If you are struggling financially due to the COVID-19 epidemic, you will be happy to know Congress, as part of the CARES Act enacted on March 27, has made it easier for you to access your retirement savings during this emergency. Normally, withdrawals from traditional IRAs and qualified plans such as 401(k)s, self-employed pension plans (SEPs), tax …
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