What is the maximum amount a first-time home buyer who is not 59½ years old can withdraw from an IRA without penalty?
A)$25,000
B)$15,000
C)$10,000
D)$5,000
E)$2,000

Question

Quizplus · Accepted Answer

A first-time home buyer who is not 59½ years old can withdraw up to $10,000 from an IRA without penalty. However, keep in mind that although there may be no penalty, the withdrawal would still be subject to income tax if it's a traditional IRA.

What Is the Maximum Amount a First-Time Home Buyer Who