Under special rules for 2020, holders of a Roth IRA may be able to take a distribution without a penalty.
The coronavirus stimulus bill (the CARES act) allows those affected by the pandemic to take a distribution of up to $100,000 without the 10 percent early distribution penalty.
The CARES rule gives Roth owners three years to pay the tax owed on withdrawals instead of in the current year. Roth owners also have the option to repay the withdrawal without owing any tax, even if the amount exceeds the annual contribution limit.
