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Posts Tagged ‘individual retirement accounts’

Taxpayers put stimulus payments in HSA by accident – IRS allows a fix.


Posted on June 16th, 2008 by WPJ

The Internal Revenue Service said that economic stimulus payments directly deposited to individual retirement accounts and other tax-favored accounts may be withdrawn tax- and penalty-free.
The relief is designed to help taxpayers who may have been unaware that by choosing direct deposit for their entire regular tax refund, they were also choosing to have their stimulus [...]