Rep. Bob Turner, forced back into
retirement by the elimination of his NY - 9 district through redistricting, is mulling a run for Queens GOP chairman «if there's a vacancy.»
• Full deduction for disaster clean up expense • Relaxed
retirement plan distribution rules —
elimination of the 10 percent penalty tax that would otherwise apply on an early withdrawal from a
retirement plan and permit individuals to withdraw up to $ 100,000 without penalty to cover storm - related expenses • Housing Exemptions for displaced individuals — would provide additional tax exemptions for individuals who provide free shelter for at least 60 days to anyone displaced
by the storm ($ 500 exemption per person, maximum of four exemptions for the year) • Worker retention credit — would extend tax credits to business owners who continued paying wages while their businesses were forced to close.
PRPPs are meant to help Canadians save for
retirement, filling in the growing gap left
by the
elimination of many employer pension plans.