Skip to content
Menu
Edward Kennedy CPA
  • Welcome
  • Services
  • News and Events
  • Individual Tax Planning
  • Business Tax Planning
  • Tax Due Dates
  • Staff
  • Client Portal
  • Contact Us
Edward Kennedy CPA

Early Retirement Plan Distributions Related to COVID-19

Posted on November 2, 2020

The 10% fine is waived in 2020 for early withdrawals by individuals under age 59 1/2 that were impacted by COVID-19. Tax on these withdrawals are paid over three years using Form 8915-E unless elected to be paid all at once. Any repayments over the following three years are treated as rollovers.

Have Any Questions?

Get in touch with us today!

Call (315) 536-3335
office@edwardkennedycpa.com

©2026 Edward Kennedy CPA