MichaelMc
New Member

Retirement tax questions

Because of the disability exception, your early withdrawal was not subject to the 10% penalty tax imposed on withdrawals before age 59 1/2.

All distributions from 401(k) plans are taxed as ordinary income, since the amounts contributed to such plans are not taxed when earned.

For more information, please refer to:

IRS Pub. 554 Tax Guide for Seniors


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