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View Full Version : Under new healthcare act are Ira's considered as assets used for figuring income?


purfact
Dec 26, 2011, 06:05 PM
Income is now figured using nontaxable "tax sheltered" assets for health care act that would not be considered for tax purposes. Ira's are tax shelters but I don't find specific rules about IRA's. Will low income individuals be forced to take money from IRA and be penalized for early withdrawal, does the gain only in these funds count toward income even though the money can not be spent without penalty.