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Get your taxes done using TurboTax
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If you receive a TSP distribution or withdrawal before you reach age 59½, in addition to the regular income tax, you may have to pay an early withdrawal penalty tax equal to 10% of any taxable portion of the distribution or withdrawal not rolled over. The additional 10% tax generally does not apply to payments resulting from total and permanent disability.
Resource: https://www.tsp.gov/withdrawals-in-retirement/
October 25, 2023
4:08 PM