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September 10, 2019   |   0
Retirement Withdraw for Home Downpayment is Tax Free? Right?

Yellow house with porch and steps with tree

Partially correct. Most retirement distributions (withdrawals) are taxable. However, the distribution might qualify for exception to the Early Distribution Penalty (no additional 10% tax) if: Taxpayer is under age 59 ½ and no other early distribution tax penalty exceptions apply Distribution is from an Individual Retirement Account (IRA) Taxpayer qualifies under the IRS rules as Retirement Withdraw for Home Downpayment is Tax Free? Right?

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