some Californians took out large loans from their 401 (k) plans to help them make ends meet during the Covid-19 crisis. The federal CARES Act included provision that protected these 401(K) borrowers from taxes and penalties. California AB 276 does the following.

(a) AB 276 removes all taxes and penalties associated with 401(K) loans in 2021, even if the purpose of the loan was unrelated to the COVID-19 crisis

(b) AB 276 aligns California law with the CAA disaster relief for 401 (K) borrowers

(c) AB 276 aligns California law with the CARES Act tax relief for 401(K) borrowers

(d) all of the above