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at age 51 can you take early distributions from traditional IRA for family members educational
expenses
Solution
The changes made by Congress in the Taxpayer Relief Act of 1997 now allow a premature IRA
withdrawal to be taken without penalty if used to pay qualified higher education expenses of the
taxpayer or the taxpayer's spouse, child, or grandchild. However, the withdrawls are subject to
regular income taxes .

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at age 51 can you take early distributions from traditional IRA for .pdf

  • 1. at age 51 can you take early distributions from traditional IRA for family members educational expenses Solution The changes made by Congress in the Taxpayer Relief Act of 1997 now allow a premature IRA withdrawal to be taken without penalty if used to pay qualified higher education expenses of the taxpayer or the taxpayer's spouse, child, or grandchild. However, the withdrawls are subject to regular income taxes .