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Today in the Senate Chamber as the charges were read aloud by the lead house prosecutor. Democrats insist their push for witnesses in the trial was boosted by news that a federal Watchdog Agency is accusing the Trump Administration of breaking the law by withholding aid to ukraine. Also this evening, a player in the drama with ukraine is making new charges as republicans question his credibility. All of this happening as the president gets his second Major Economic policy win of the week and the biggest bipartisan legislative victory of his presidency. Chief White House Correspondent john roberts starts us off tonight from the north lawn. Good evening as the president prepares to begin the impeachment trial next week. A key player has emerged in this controversy, a former associate of Rudy Giuliani. His name is lev parnas. He claims he was a key figure in the plan to put pressure on ukraine to investigate the bidens. Thank you all very much. President trump today denied even knowing Ru
How do I treat a 401(k) COVID withdrawal on my tax return?
Updated Mar 09, 2021;
Q. I took a $33,500 Cares Act withdrawal in 2020. I had 20% federal and 10% state tax withheld. I am planning to spread the taxes over three years. I am filing married jointly and our total household income will be roughly $180,000, not including the 401(k) withdrawal. We have two kids and rent a home, and we work at home so maybe we have more deductions, but I have no idea how to treat the 401(k) withdrawal. Unsure
A. As you noted, there are special rules for distributions taken in 2020.