Emergency Relief for Federal Contractors Act of 2025 allows penalty-free withdrawals from retirement accounts for certain federal contractors during.
The Emergency Relief for Federal Contractors Act of 2025 provides tax-favored withdrawals from retirement accounts for individuals affected by federal government shutdowns. Specifically, it allows penalty-free distributions from retirement accounts for federal contractors, federal grantees, and state employees whose compensation is reimbursed by the federal government if they are furloughed or working without pay due to a lapse in federal appropriations.
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