Can you take money from 401k without penalty during Covid?

Can you take money from 401k without penalty during Covid?

The CARES Act waives the 10% penalty for early withdrawals from account holders of 401(k) and IRAs if they qualify as coronavirus distributions. If you qualify under the stimulus package (see above) and your company permits hardship withdrawals, you’ll be able to access your 401(k) funds without penalty. Oct 13, 2021