N-2024-55: Certain Exceptions to the 10 Percent Additional Tax Under Code Section 72(t)

Notice 2024-55 provides guidance on the application of the exceptions to the 10 percent additional tax under section 72(t)(1) of the Internal Revenue Code (Code) for emergency personal expense distributions and domestic abuse victim distributions.

Notice 2024-55 will be in IRB: 2024-28, dated July 8, 2024.

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