Contact UsCan I withdraw money from my IRA to pay for medical expenses? What are the rules surrounding this type of withdrawal from my IRA? What type of documentation will the IRS require?
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Tax Professional Answers
William Keats
IRC Section 72(t)(2)(B): Distribution from a qualified retirement plan to pay for unreimbursed medical expenses to the extent they exceed 10% of adjusted gross income (AGI), regardless of whether or not the participant itemizes deductions. This is the only reference available regarding this topic.
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555 weeks ago