IRS: New law provides relief for eligible taxpayers who need funds from IRAs and other retirement plans

IRS: New law provides relief for eligible taxpayers who need funds from IRAs and other retirement plans  https://www.irs.gov/newsroom/irs-new https://accountinginstruction.info The Internal Revenue Service provided a reminder today that the Coronavirus Aid, Relief, and Economic Security (CARES) Act can help eligible taxpayers in need by providing favorable tax treatment for withdrawals from retirement plans and IRAs and allowing certain retirement plans to offer expanded loan options.  Can I get money from my retirement account now? Under the CARES Act, individuals eligible for coronavirus-related relief may be able to withdraw up to $100,000 from IRAs or workplace retirement plans before December 31, 2020, if their plans allow. In addition to IRAs, this relief applies to 401(k) plans, 403(b) plans, profit-sharing plans and others.