If my retirement was terminated by my employer due to the company closing, and was paid out to me, do I qualify for any extra tax breaks?

If the company close due to the pandemic, you would be eligible for retirement plan early distribution relief under the Cares Act.  The form 8915-E will be used for penalty relief from early retirement plan distributions due to the pandemic and will include the option to spread the distribution income over 3 years.  This may be a good option is the distribution is pushing you into a higher marginal tax bracket.  You may end up paying less tax if you spread the distribution over the 3 years.  At this point and time the Form 8915-E (Qualified 2020 Disaster Retirement Plan Distributions and Repayments is not finalized. We currently do not have an estimated date when the form is ready.

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The pandemic has affected your taxes in many ways. Including reporting in TurboTax the amount of stimulus money you received. Click Here for more information on how the Pandemic affected your 2020  taxes.