Making an early withdrawal from your 401(k) can lead to a 10% penalty on the early withdrawal amount. Please see the following link for more information:
https://turbotax.intuit.com/tax-tips/retirement/an-early-withdrawal-from-your-401k-understanding-the...
You may find it useful to use a tax calculator to help you determine the overall effect an early 401(k) distribution will have on your Federal tax outcome (receiving a refund or paying a balance due). TurboTax will release a 2024 tax calculator later this year.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
