CARES Act
CARES Act relief, you qualify for a coronavirus-related distribution if
you, your spouse, or your dependent is diagnosed with COVID-19 with a CDC-approved test;
you experience adverse financial consequences as a result of being quarantined, being furloughed or laid off, or having work hours reduced due to COVID-19;
you experience adverse financial consequences as a result of being unable to work due to lack of childcare due to COVID-19; or
you experience adverse financial consequences as a result of closing or reducing your business hours due to COVID-19.
IRS Expands Relief
With the new IRS relief, you now also qualify for coronavirus-related distributions if you experience adverse financial consequences because
you, your spouse, or a member of your household has a reduction in pay or self-employment income due to COVID-19;
you, your spouse, or a member of your household has a job offer rescinded or start date for a job delayed due to COVID-19;
your spouse or a member of your household is quarantined, is furloughed or laid off, or has work hours reduced, due to COVID-19;
your spouse or a member of your household is unable to work due to lack of childcare due to COVID-19; or
your spouse or a member of your household owns or operates a business that closed or reduced hours due to COVID-19.