- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
No, there is an exception to the early withdrawal if it is because of an IRS levy of the plan, but you would have to pay the taxes on the distribution and any penalties if you made a withdrawal to pay a current tax bill. You may want to set up an Installment plan (see Can I set up a payment plan for my taxes? - TurboTax).
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 27, 2022
11:15 AM