Eligible individuals included those diagnosed with COVID-19 or individuals whose spouse or dependent was diagnosed with the illness. Eligible taxpayers could take penalty-free COVID-19-related distributions of up to $100,000 from retirement plans or IRAs during 2020. Taxpayers who took COVID-19-related distributions from a retirement plan (including IRAs) in 2020 could have elected to include taxable amounts in their income ratably over a three-year period. Taxpayers who took COVID-19-related distributions from a retirement plan (including IRAs) in 2020 were subject to a 10% penalty for early distribution.