Synonyms for individual words can be found below.
«federal»
«tax»
«penalties»
Phrases with «federal tax penalties»
Sentences with «federal tax penalties»
- The earnings portion of a withdrawal that you don't use for qualified higher education expenses is subject to state and federal taxes and a 10 percent federal tax penalty. (my529.org)
- If your clients withdraw money for something other than qualified higher education expenses, they will owe federal income tax and may face a 10 % federal tax penalty on earnings. (putnam.com)
- There is a 10 percent federal tax penalty if you withdraw money from your annuity before age 59 1/2 for reasons other than death or disability (similar to the tax penalty for premature withdrawals from IRAs). (insure.com)
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sentences)