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CARES Act Allows Penalty-Free Withdrawals from Some Retirement Plans

Ryan Norton - July 30, 2020
CARES Act Allows Penalty-Free Withdrawals from Some Retirement Plans

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.…

Read more about CARES Act Allows Penalty-Free Withdrawals from Some Retirement Plans

Treasury Secretary Mnuchin Announces New Filing Deadline

Ryan Norton - March 20, 2020
Treasury Secretary Mnuchin Announces New Filing Deadline

Treasury Secretary Steven Mnuchin announced on Twitter that taxpayers now have an additional 90 days to file their tax returns.…

Read more about Treasury Secretary Mnuchin Announces New Filing Deadline

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