IRS loosens rules for retirement plans to lend money to Hurricane Harvey victims

IRS loosens rules for retirement plans to lend money to Hurricane Harvey victims

- in News, Taxes
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The Internal Revenue Service granted additional relief to victims of Hurricane Harvey on Wednesday by making it easier for 401(k)s and other employer-sponsored retirement plans to give loans and hardship distributions to aid victims.

The IRS pointed out the relief is similar to what was provided to victims of previous disasters, including Louisiana floods and Hurricane Matthew.

Read more at Accounting Today

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