WAIVE TEN PERCENT (10%) IRS PENALTY FOR TAX YEAR 2015 FOR INDIVIDUALS WITHDRAWING FROM INDEPENDENT RETIREMENT ACCOUNTS (IRA) PRIOR TO THE AGE OF 59 1/2.
AGE 55 - 59, AUTOMATIC WAIVER OF 10% IRS PENALTY FOR TAX YEAR 2015.
AGE 21 - 54 WAIVER OF 10% IRS PENALTY FOR TAX YEAR 2015 FOR THE PURPOSE OF REDUCING *HIGH INTEREST REVOLVING DEBT.
AGE 21-54 WAIVER OF 10% IRS PENALTY FOR TAX YEAR 2015 FOR IRA EARLY WITHDRAWAL IF FOR THE PURPOSE OF PREVENTING FORECLOSURE OF PRIMARY RESIDENCE.
AGE 21-54 WAIVER OF 10% IRS PENALTY FOR TAX YEAR 2015 FOR IRA EARLY WITHDRAWAL IF FOR MEDICAL COST INCLUDING LABOR, DELIVERY AND FOR UNCOMPENSATED MEDICAL LEAVE.
*HIGH INTEREST DEFINED AS 15.00% OR GREATER.