A 50 -year-old salaried employee withdraws $9,000 from their contributions to their Roth IRA, which has been held for 8 years, to pay for a major home renovation. What are the taxes and penalties on this withdrawal?

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Revolt · Accepted Answer

no taxes or penalties

Retirement - Test Test

A 50 -year-old salaried employee withdraws $9,000 from their contributions to their Roth IRA, which has been held for 8 years, to pay for a major home renovation. What are the taxes and penalties on this withdrawal?

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