Will i have to pay the penalty?

[Supersunny]

I cashed out a 401k in February 2020 . I lost my job in March. Will I need to pay the penalty for withdrawing?

[C. B. Zeller]

If you are over age 59-1/2, the 10% penalty for early withdrawal does not apply.

If you meet the definition of a qualified individual under the CARES Act, you can waive the 10% penalty tax (if applicable), plus you can spread the income over 3 years for federal income tax purposes of up to $100,000 of your distribution.