H.R. 10182, introduced on November 20, 2024, aims to amend the Internal Revenue Code to allow people to take money from their retirement plans early without paying the extra 10% tax, specifically for covering family caregiving expenses. The bill defines qualified family caregiving...
Simple Explanation
H.R. 10182 is a bill that would let people take money out of their retirement savings early, without paying an extra tax, to help them pay for taking care of their family members, like if they need special equipment or a helper, but they can only do this up to $10,000.