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Updated about 3 years ago on . Most recent reply

User Stats

121
Posts
65
Votes
Tom Degroodt
  • Evans, GA
65
Votes |
121
Posts

Deadline for paying back 2/3's of my CARES act distribution

Tom Degroodt
  • Evans, GA
Posted

I took a 100K distribution from my 401K thru the CARES Act and split the taxes for 3 years.  I paid taxes in 2020 on $33,333.33.  I would like to pay back $66,666.66 so that I can have an amended return filed for 2020 and not pay the taxes due on the 2nd installment for 2021.  I am having a hard time finding whether I have to pay the $66,666.66 back before the end of 2021 calendar year, or just before filing my 2021 taxes.  Any help would be apprciated.

  • Tom Degroodt
  • Loading replies...