United States: U.S. And Puerto Rico Issue Rules On Non-COVID-19 Disaster Relief For Retirement Plans - Ogletree, Deakins, Nash, Smoak & Stewart

Last year, in response to the COVID-19 pandemic, the United States Congress and the Puerto Rico Department of Treasury (Hacienda) granted favorable tax treatment to coronavirus-related distributions (CRDs) and participant loans from U.S.-qualified plans and Puerto Rico-qualified plans.