IRS Expands Eligibility For IRA & 401(k) Loans & Distributions In Covid-19 Guidance

IRS Expands Eligibility For IRA & 401(k) Loans & Distributions In Covid-19 Guidance

It should be a last resort, but it’s easier than ever to break into your nest egg if you’ve been … [+] hurt by the coronavirus pandemic.

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The Internal Revenue Service’s official guidance on Covid-19-related 401(k) and Individual Retirement Account loans and distributions is out, and it expands the list of who can qualify for special tax relief. Newly eligible: those who’ve had a job…

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