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Get your taxes done using TurboTax
Since you did not use specific amounts the answers will be general.
The IRS withholds 20% of the early withdrawal. However if your tax bracket is higher than 20%, you will have a balance due. Regardless of your age, you are not subject to a 10% early withdrawal penalty on distributions of 457(b) plan contributions and earnings. Regarding the AZSR, it is not clear what you withdrew. Was it the contributions? An early distribution? A loan?
Feel free to come back and ask for more information when you clarify the question.
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‎November 16, 2022
12:46 PM