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How The CARES Act Plays Into Your Taxes

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Among the many things the CARES Act offered to taxpayers, there were some real perks and abilities to use your retirement plans.

In a new sponsored video series with TurboTax, called End-of-Year Strategies, CPA and TurboTax expert, Lisa Greene-Lewis, discusses everything you need to know about the CARES act and some of its perks to note for tax season.

"CARES Act allowed you to take a big sum of money out by December 31st, 2020, you could take up to $100,000 out and if you're 59 and a half or under, you would not receive the 10% penalty for doing that," Greene-Lewis said.

Watch the video above to find out more.

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