Tag: IRA

Retirement Withdrawals, Home Purchases and the 10% Early Withdrawal Penalty

If you take money out of a retirement account to buy a house (for example to make a down payment), you can avoid the 10% early withdrawal penalty … but only on IRA withdrawals. The rules on retirement withdrawals are tricky and vary between 401(k) accounts and IRAs. With home purchases, you can take money [...]
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Taxability of IRAs; Reporting a 1099-K; Deductions for Payments to Consultants — Ask Jason

  Have a tax question burning in your mind? E-mail me at dinesentax@gmail.com. (Ask Jason has been discontinued) DISCLAIMER: The answers to questions in this segment are intended to be general in nature and do NOT constitute tax advice. Please contact a tax advisor to discuss your unique situation. Q: My mother had an IRA […]

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