IRS lets Millions More Qualify for the $100,000 IRA “Grab and Repay”

Are you strapped for cash? Then here’s some good news.

The IRS has recently issued new rules designed to help people financially impacted by the COVID-19 epidemic.

Thanks to the new rules, millions of people who qualify can withdraw up to $100,000 from their IRAs without penalty!

Yes, the money must be repaid, but you have three years to return it; again, without penalty.

How can you put the $100,000 IRA “grab and repay” plan to work for you?

You’ll find out when you read my new article titled Tax Tips: IRS Enables Millions to Qualify for the $100,000 IRA Grab and Repay.

Three ways our fact-filled article can help you:

1. We’ll explain how the CARES Act works. (Coronavirus Aid, Relief, and Economic Security Act). A Coronavirus-related withdrawal from your IRA gives you two important tax benefits. Both are well worth taking advantage of, as you’ll learn when you read the full article.
2. We’ll explain the new IRA withdrawal option to you. If your business has a reduction in income, you may qualify for a Coronavirus-related withdrawal (of up to $100,000!). And because you qualify, your spouse also qualifies for a Coronavirus-related withdrawal. All will be explained when you read the full article.
3. We’ll explain your repayment options. There are five ways you can go. Whichever works best for you, be sure to repay the funds you’ve withdrawn strategically. What exactly does that mean? You’ll get the whole story when you read the full article.