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Description of an Amendment in the Nature of a Substitute to H.R. 7, the "Community Solutions Act of 2001": Scheduled for Markup by the House Committee on Ways and Means on July 22, 2001

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Description of an Amendment in the Nature of a Substitute to H.R. 7, the "Community Solutions Act of 2001": Scheduled for Markup by the House Committee on Ways and Means on July 22, 2001

by United States Congress Joint

About this title: OCLC Number: 56023646 Excerpt: ... may make nondeductible contributions to a Roth IRA. Qualified withdrawals from a Roth IRA are excludable from gross income. Withdrawals from a Roth IRA that are not qualified withdrawals are includible in gross income to the extent attributable to earnings. Includible amounts withdrawn from a traditional IRA or a Roth IRA before attainment of age 59-1 / 2 are subject to an additional 10-percent early withdrawal tax, unless an exception applies. If an individual has made nondeductible ... read more

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