Treasury, IRS issue frequently asked questions regarding disaster relief related to retirement plans and IRAs

The Internal Revenue Service today issued frequently asked questions (FAQs) in Fact Sheet 2024-19, relating to rules for distributions from retirement plans and IRAs and for retirement plan loans, for certain individuals impacted by federally declared major disasters.

Read the full article from IRS here: https://www.irs.gov/newsroom/treasury-irs-issue-frequently-asked-questions-regarding-disaster-relief-related-to-retirement-plans-and-iras

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