Get answers to common questions about withdrawals or distributions from your IRA retirement plan.| www.irs.gov
The tax law places limits on the dollar amount of benefits and contributions. The law requires the limits be adjusted annually for cost-of-living increases.| www.irs.gov
Most retirement plan distributions are subject to income tax and may be subject to an additional 10% tax. * Generally, the amounts an individual withdraws from an IRA or retirement plan before reaching age 59½ are called "early" or "premature" distributions. Individuals must pay an additional 10% early withdrawal tax unless an exception applies.| www.irs.gov
Review the required minimum distribution rules for certain retirement plans, including traditional IRAs, SEP IRAs, SIMPLE IRAs and 401(k) plans.| www.irs.gov
Review retirement plans, including 401(k) plans, the Savings Incentive Match Plans for Employees (SIMPLE IRA Plans) and Simple Employee Pension Plans (SEP).| www.irs.gov
Information about IRA contribution limits. Learn about tax deductions, IRAs and work retirement plans, spousal IRAs and more.| www.irs.gov