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Retirement tax questions
@hollywide67 wrote:
Thanks. I’m over 55 but younger than 59 1/2 and separated from job. Since Mississippi doesn’t tax 401k distributions I wanted to know if this withdrawal would be considered early or just a regular distribution.
It's a regular distribution under federal law. The Mississippi instructions say that if a withdrawal is not considered early under federal law, then it is also not considered early in Mississippi.
February 1, 2023
11:43 AM