Long-Term Care, Education, and Housing Assistance Act of 1989 - Amends the Internal Revenue Code to exempt from the penalty on early distributions from individual retirement plans distributions for: (1) long-term health care insurance premiums; and (2) educational expenses for higher education or a vocational school.
Provides a tax exclusion for distributions from such plans used to acquire a first home. Limits such distribution to $10,000.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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