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118-hr-2637Committee
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To amend the Internal Revenue Code of 1986 to waive the early withdrawal penalty on certain distributions from qualified retirement plans.

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Summary

Official CRS summary

This bill allows a waiver of the 10% penalty on premature distributions from tax-exempt retirement plans where such distributions do not exceed the excess of $10,000 over aggregate plan distributions during a specified 5-year period.

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Bill details

Congress
118
Bill type
hr
Introduced
April 17, 2023
Sponsor
Not yet available
Last action
April 17, 2023— Referred to the House Committee on Ways and Means.

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