Who Qualifies for Coronavirus-Related Distributions?
There are plenty of gray areas in the CARES Act's language about CRDs, says contributor Natalie Choate.
There are plenty of gray areas in the CARES Act's language about CRDs, says contributor Natalie Choate.
Section 2202 of the CARES Act, the giant economic stimulus/disaster relief law enacted in late March 2020, gives favorable tax treatment to certain retirement plan distributions. If a distribution qualifies as a "coronavirus-related distribution," or CRD, the recipient gets the following special breaks: