There are a few situations in which the IRS imposes no penalty for early withdrawals from an IRA account.

Name: There are a few situations in which the IRS imposes no penalty for early withdrawals from an IRA account.
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The IRS may waive the 10% penalty for early withdrawals in certain situations such as disability, first-time home purchase, medical expenses, or in cases of death or divorce. However, regular income tax may still apply to the withdrawal amount.

There Are a Few Situations in Which the IRS Imposes