If you took a coronavirus-related withdrawal in 2020 under the CARES Act, then you can pay your tax liability in 2021, spread your tax payments over three years, or repay up to the full amount of your withdrawal to reduce your tax liability. If you want to repay up to the full amount of your withdrawal to reduce your tax liability, please call our CARES team at
855-400-4294 to speak with a consultant.
You can learn more by visiting the
IRS website , and we encourage you to consult with a tax professional to plan for your unique situation.