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Retirement tax questions
You can withdraw up to $10,000 (that's a lifetime limit) from your IRA without penalty to buy, build, or rebuild a home. To qualify, you must be a "first-time" homebuyer, meaning you haven't owned a home in the previous two years. However, you could have been a homeowner in the past and still qualify as a first-time homebuyer today. If you withdraw more than the allowed amount only the extra withdrawal will be subject to the penalty.
‎September 15, 2021
8:38 AM
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