February 23, 2009
The aggregate amount of the retirement distributions with respect to any individual during any calendar year to the extent such amount exceeds the greater of —
(A) $150,000, or
(B) $112,500
A 15% excise tax used to apply to excess distributions.
IRC § 4980A ( now repealed)
A domestic abuse distribution is one that is made to domestic abuse victim, during the 1-year period beginning on any date on which the individual
The term “eligible retirement plan”, means a retirement plan to which a rollover contribution can be made. These are: (i)an individual retirement account described in
Definition A qualified trust beneficiary is a trust that satisfies the requirements so as to be treated as a designated beneficiary. For retirement accounts inherited
Definition Also known as the Saver’s Tax Credit: Nonrefundable tax credit available to eligible individuals who make contributions to their retirement account. The saver’s credit
