at age 51 can you take early distributions from traditional

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 .

at age 51 can you take early distributions from traditional IRA for family members educational expensesSolutionThe changes made by Congress in the Taxpayer Reli

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