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    Taxation of Individuals
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    Exam 13: Retirement Savings and Deferred Compensation
  5. Question
    In 2021, Taxpayers Withdrawing Funds from an IRA Before They
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In 2021, Taxpayers Withdrawing Funds from an IRA Before They

Question 73

Question 73

True/False

In 2021, taxpayers withdrawing funds from an IRA before they turn 72 are generally subject to a 10 percent penalty on the amount of the withdrawal.

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