Hunter Praytor P.A. - Changes to Retirement Plan Distributions for 2020
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Changes to Retirement Plan Distributions for 2020

Edited 7/30/20

As you are probably aware, on March 27, 2020 Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This act had many provisions for relief, loans and stimulus for businesses and individuals. It also had provisions strictly related to distributions from IRAs and other defined contribution plans. Some of these provisions are summarized as follows:

Please note this can be a very technical process with adverse tax consequences if handled incorrectly. Please contact our office if you would like to discuss any of this information.