Job Training Amendments to the IRA

[AI summary unavailable — showing source text] Job Training Amendments to the IRA - Amends the Internal Revenue Code to exempt from the ten percent additional tax on early distributions from qualified retirement plans the first $4,000 distributed within two years for use by the taxpayer solely to obtain job training or retraining. Requires that the distributions be made in reasonable anticipation of unemployment or within two years after the taxpayer becomes unemployed.…