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Retirement tax questions
Probably not. There is an early withdrawal penalty exemption for medical expenses, if your MIL was your dependent or qualified under the medical dependent exception.
You can include medical expenses you paid for a dependent or an individual that would have been your dependent except that:
- He or she received gross income of $4,300 or more in 2021;
- He or she filed a joint return for 2021; or
- You, or your spouse if filing jointly, could be claimed as a dependent on someone else's 2021 return.
For a list of early withdrawal exemptions see: Exception to 10% Additional Tax.
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‎April 4, 2022
4:58 PM