SlideShare a Scribd company logo
1 of 1
Download to read offline
at age 51 can you take a distribution from traditional IRA for educational expenses for spouse
dependent child or dependent grandchild
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 .

More Related Content

More from arjunhassan8

This problem is based on the B92 method of quantum key distri.pdf
This problem is based on the B92 method of quantum key distri.pdfThis problem is based on the B92 method of quantum key distri.pdf
This problem is based on the B92 method of quantum key distri.pdf
arjunhassan8
 
The main difference between passive and active transport is the spec.pdf
The main difference between passive and active transport is  the spec.pdfThe main difference between passive and active transport is  the spec.pdf
The main difference between passive and active transport is the spec.pdf
arjunhassan8
 
The following table is a summary of randomly chosen student evaluati.pdf
The following table is a summary of randomly chosen student evaluati.pdfThe following table is a summary of randomly chosen student evaluati.pdf
The following table is a summary of randomly chosen student evaluati.pdf
arjunhassan8
 
Sapling Learning Select the statements that explain why duplication i.pdf
Sapling Learning Select the statements that explain why duplication i.pdfSapling Learning Select the statements that explain why duplication i.pdf
Sapling Learning Select the statements that explain why duplication i.pdf
arjunhassan8
 
Question 1 Humans have affected different organism populations in wh.pdf
Question 1 Humans have affected different organism populations in wh.pdfQuestion 1 Humans have affected different organism populations in wh.pdf
Question 1 Humans have affected different organism populations in wh.pdf
arjunhassan8
 
1)Why have concerns over pollution become so important for managemen.pdf
1)Why have concerns over pollution become so important for managemen.pdf1)Why have concerns over pollution become so important for managemen.pdf
1)Why have concerns over pollution become so important for managemen.pdf
arjunhassan8
 

More from arjunhassan8 (20)

Write the code segments to create a monitor that has the same behavi.pdf
Write the code segments to create a monitor that has the same behavi.pdfWrite the code segments to create a monitor that has the same behavi.pdf
Write the code segments to create a monitor that has the same behavi.pdf
 
Which of the following is NOT a rationale for using mRNA intermed.pdf
Which of the following is NOT a rationale for using mRNA intermed.pdfWhich of the following is NOT a rationale for using mRNA intermed.pdf
Which of the following is NOT a rationale for using mRNA intermed.pdf
 
Which elements are in series and which are in parallel in Figure P1.3.pdf
Which elements are in series and which are in parallel in Figure P1.3.pdfWhich elements are in series and which are in parallel in Figure P1.3.pdf
Which elements are in series and which are in parallel in Figure P1.3.pdf
 
What domain is horizontal gene transfer most common within Multiple .pdf
What domain is horizontal gene transfer most common within Multiple .pdfWhat domain is horizontal gene transfer most common within Multiple .pdf
What domain is horizontal gene transfer most common within Multiple .pdf
 
This problem is based on the B92 method of quantum key distri.pdf
This problem is based on the B92 method of quantum key distri.pdfThis problem is based on the B92 method of quantum key distri.pdf
This problem is based on the B92 method of quantum key distri.pdf
 
The _ operator can be used to determine a variable address The variab.pdf
The _ operator can be used to determine a variable address The variab.pdfThe _ operator can be used to determine a variable address The variab.pdf
The _ operator can be used to determine a variable address The variab.pdf
 
The main difference between passive and active transport is the spec.pdf
The main difference between passive and active transport is  the spec.pdfThe main difference between passive and active transport is  the spec.pdf
The main difference between passive and active transport is the spec.pdf
 
The opposite movement of supination is ___. Pronation flexion exte.pdf
The opposite movement of supination is ___.  Pronation  flexion  exte.pdfThe opposite movement of supination is ___.  Pronation  flexion  exte.pdf
The opposite movement of supination is ___. Pronation flexion exte.pdf
 
The latter or final stages of an RNA based heriditary world were lik.pdf
The latter or final stages of an RNA based heriditary world were lik.pdfThe latter or final stages of an RNA based heriditary world were lik.pdf
The latter or final stages of an RNA based heriditary world were lik.pdf
 
The following table is a summary of randomly chosen student evaluati.pdf
The following table is a summary of randomly chosen student evaluati.pdfThe following table is a summary of randomly chosen student evaluati.pdf
The following table is a summary of randomly chosen student evaluati.pdf
 
A female carrier of Tay-Sachs wants to have a child with a male carri.pdf
A female carrier of Tay-Sachs wants to have a child with a male carri.pdfA female carrier of Tay-Sachs wants to have a child with a male carri.pdf
A female carrier of Tay-Sachs wants to have a child with a male carri.pdf
 
So I dont understand explicit equations. Whats the formula and how.pdf
So I dont understand explicit equations. Whats the formula and how.pdfSo I dont understand explicit equations. Whats the formula and how.pdf
So I dont understand explicit equations. Whats the formula and how.pdf
 
Sapling Learning Select the statements that explain why duplication i.pdf
Sapling Learning Select the statements that explain why duplication i.pdfSapling Learning Select the statements that explain why duplication i.pdf
Sapling Learning Select the statements that explain why duplication i.pdf
 
Question 1 Humans have affected different organism populations in wh.pdf
Question 1 Humans have affected different organism populations in wh.pdfQuestion 1 Humans have affected different organism populations in wh.pdf
Question 1 Humans have affected different organism populations in wh.pdf
 
Problem 4. The ancient Romans employed a volcanic ash called pozzolan.pdf
Problem 4. The ancient Romans employed a volcanic ash called pozzolan.pdfProblem 4. The ancient Romans employed a volcanic ash called pozzolan.pdf
Problem 4. The ancient Romans employed a volcanic ash called pozzolan.pdf
 
presence of protected, multicellular embryoshaploid (n) gametophytes a.pdf
presence of protected, multicellular embryoshaploid (n) gametophytes a.pdfpresence of protected, multicellular embryoshaploid (n) gametophytes a.pdf
presence of protected, multicellular embryoshaploid (n) gametophytes a.pdf
 
Plants and ChromatographySeparation of Photosynthetic Pigments by .pdf
Plants and ChromatographySeparation of Photosynthetic Pigments by .pdfPlants and ChromatographySeparation of Photosynthetic Pigments by .pdf
Plants and ChromatographySeparation of Photosynthetic Pigments by .pdf
 
On saturday morning, Pam walked for 2 hours and then ran for 30 minu.pdf
On saturday morning, Pam walked for 2 hours and then ran for 30 minu.pdfOn saturday morning, Pam walked for 2 hours and then ran for 30 minu.pdf
On saturday morning, Pam walked for 2 hours and then ran for 30 minu.pdf
 
1)Why have concerns over pollution become so important for managemen.pdf
1)Why have concerns over pollution become so important for managemen.pdf1)Why have concerns over pollution become so important for managemen.pdf
1)Why have concerns over pollution become so important for managemen.pdf
 
history adaptaion of gorials. what is their parental care, please ci.pdf
history adaptaion of gorials. what is their parental care, please ci.pdfhistory adaptaion of gorials. what is their parental care, please ci.pdf
history adaptaion of gorials. what is their parental care, please ci.pdf
 

Recently uploaded

Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
EADTU
 
Spellings Wk 4 and Wk 5 for Grade 4 at CAPS
Spellings Wk 4 and Wk 5 for Grade 4 at CAPSSpellings Wk 4 and Wk 5 for Grade 4 at CAPS
Spellings Wk 4 and Wk 5 for Grade 4 at CAPS
AnaAcapella
 

Recently uploaded (20)

Including Mental Health Support in Project Delivery, 14 May.pdf
Including Mental Health Support in Project Delivery, 14 May.pdfIncluding Mental Health Support in Project Delivery, 14 May.pdf
Including Mental Health Support in Project Delivery, 14 May.pdf
 
Observing-Correct-Grammar-in-Making-Definitions.pptx
Observing-Correct-Grammar-in-Making-Definitions.pptxObserving-Correct-Grammar-in-Making-Definitions.pptx
Observing-Correct-Grammar-in-Making-Definitions.pptx
 
Analyzing and resolving a communication crisis in Dhaka textiles LTD.pptx
Analyzing and resolving a communication crisis in Dhaka textiles LTD.pptxAnalyzing and resolving a communication crisis in Dhaka textiles LTD.pptx
Analyzing and resolving a communication crisis in Dhaka textiles LTD.pptx
 
Book Review of Run For Your Life Powerpoint
Book Review of Run For Your Life PowerpointBook Review of Run For Your Life Powerpoint
Book Review of Run For Your Life Powerpoint
 
How to Send Pro Forma Invoice to Your Customers in Odoo 17
How to Send Pro Forma Invoice to Your Customers in Odoo 17How to Send Pro Forma Invoice to Your Customers in Odoo 17
How to Send Pro Forma Invoice to Your Customers in Odoo 17
 
TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT TOÁN 2024 - TỪ CÁC TRƯỜNG, TRƯỜNG...
TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT TOÁN 2024 - TỪ CÁC TRƯỜNG, TRƯỜNG...TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT TOÁN 2024 - TỪ CÁC TRƯỜNG, TRƯỜNG...
TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT TOÁN 2024 - TỪ CÁC TRƯỜNG, TRƯỜNG...
 
Andreas Schleicher presents at the launch of What does child empowerment mean...
Andreas Schleicher presents at the launch of What does child empowerment mean...Andreas Schleicher presents at the launch of What does child empowerment mean...
Andreas Schleicher presents at the launch of What does child empowerment mean...
 
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
 
Improved Approval Flow in Odoo 17 Studio App
Improved Approval Flow in Odoo 17 Studio AppImproved Approval Flow in Odoo 17 Studio App
Improved Approval Flow in Odoo 17 Studio App
 
FICTIONAL SALESMAN/SALESMAN SNSW 2024.pdf
FICTIONAL SALESMAN/SALESMAN SNSW 2024.pdfFICTIONAL SALESMAN/SALESMAN SNSW 2024.pdf
FICTIONAL SALESMAN/SALESMAN SNSW 2024.pdf
 
An Overview of the Odoo 17 Knowledge App
An Overview of the Odoo 17 Knowledge AppAn Overview of the Odoo 17 Knowledge App
An Overview of the Odoo 17 Knowledge App
 
OSCM Unit 2_Operations Processes & Systems
OSCM Unit 2_Operations Processes & SystemsOSCM Unit 2_Operations Processes & Systems
OSCM Unit 2_Operations Processes & Systems
 
Spellings Wk 4 and Wk 5 for Grade 4 at CAPS
Spellings Wk 4 and Wk 5 for Grade 4 at CAPSSpellings Wk 4 and Wk 5 for Grade 4 at CAPS
Spellings Wk 4 and Wk 5 for Grade 4 at CAPS
 
VAMOS CUIDAR DO NOSSO PLANETA! .
VAMOS CUIDAR DO NOSSO PLANETA!                    .VAMOS CUIDAR DO NOSSO PLANETA!                    .
VAMOS CUIDAR DO NOSSO PLANETA! .
 
An overview of the various scriptures in Hinduism
An overview of the various scriptures in HinduismAn overview of the various scriptures in Hinduism
An overview of the various scriptures in Hinduism
 
8 Tips for Effective Working Capital Management
8 Tips for Effective Working Capital Management8 Tips for Effective Working Capital Management
8 Tips for Effective Working Capital Management
 
diagnosting testing bsc 2nd sem.pptx....
diagnosting testing bsc 2nd sem.pptx....diagnosting testing bsc 2nd sem.pptx....
diagnosting testing bsc 2nd sem.pptx....
 
Đề tieng anh thpt 2024 danh cho cac ban hoc sinh
Đề tieng anh thpt 2024 danh cho cac ban hoc sinhĐề tieng anh thpt 2024 danh cho cac ban hoc sinh
Đề tieng anh thpt 2024 danh cho cac ban hoc sinh
 
Stl Algorithms in C++ jjjjjjjjjjjjjjjjjj
Stl Algorithms in C++ jjjjjjjjjjjjjjjjjjStl Algorithms in C++ jjjjjjjjjjjjjjjjjj
Stl Algorithms in C++ jjjjjjjjjjjjjjjjjj
 
PSYPACT- Practicing Over State Lines May 2024.pptx
PSYPACT- Practicing Over State Lines May 2024.pptxPSYPACT- Practicing Over State Lines May 2024.pptx
PSYPACT- Practicing Over State Lines May 2024.pptx
 

at age 51 can you take a distribution from traditional IRA for educa.pdf

  • 1. at age 51 can you take a distribution from traditional IRA for educational expenses for spouse dependent child or dependent grandchild 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 .