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Get your taxes done using TurboTax
Also note, an IRA is owned by a single individual. If you and your wife each had a separate IRA, you could each have withdrawn up to $10,000 for a first time home purchase. But, you can’t withdraw $20,000 from a single IRA even if you are married and buying the house together. The $10,000 limit is per account and each account is owned by a single individual.
November 27, 2021
4:10 PM