A taxpayer can take a coronavirus related distribution up to $100,000 aggregate, and are not subject to 10% additional tax.

The taxpayer can pay this distribution back during a 3-year period in equal amounts in 2020, 2021, and 2022.

A coronavirus related distribution is one made between 1/1/2020 and 12/31/2020 to:

An individual diagnosed with COVID-19 with a CDC approved test (or his or her spouse/dependent), or
An individual who experiences adverse financial consequences due to COVID-19 as a result of quarantine, furlough, laid off/work hours reduced, unable to work due to lack of childcare, or closing/reducing of hours of business owner or operated by the taxpayer. The IRS may announce other factors that will qualify.