H.R. 329: Expanding Penalty Free Withdrawal Act

H.R. 329 is a federal bill in the 119th Congress. Currently, if you withdraw money from a retirement account before age 59 1/2, you generally pay a 10% extra tax on top of your regular income tax. This bill changes that by creating a new exception. If you have been unemployed and receiving federal or… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.