Took a Coronavirus Withdrawal From Your Retirement Plan in 2020? Time May Be Running Out to Repay It and Save on Taxes
Article Excerpt: "...while those withdrawals weren't subject to penalties, they were subject to taxes. However, savers were also told that if they repaid their withdrawals within three years of taking them, they could get their taxes back. At this point, though, the window to repay that money may be shrinking for some people. So if you took an IRA or 401(k) withdrawal in 2020 and you're able to put that money back, it pays to get moving. Why get stuck with unnecessary taxes?..."
Resource: www.msn.com