TransWikia.com

Is there going to be a penalty waiver for IRA withdrawals in 2021?

Personal Finance & Money Asked on March 17, 2021

If a person is having a hard time in 2021 and he is under 59.5 decides to take a withdrawal from his IRA, under current law he is subject to a 10% penalty. Now congress is debating another COVID relief package and it looks like it is going to pass.

Does that package include a waiver of the 10% penalty for early IRA withdrawals? I thought it did, but I cannot find a web site that supports that point of view.

Add your own answers!

Ask a Question

Get help from others!

© 2024 TransWikia.com. All rights reserved. Sites we Love: PCI Database, UKBizDB, Menu Kuliner, Sharing RPP