ThomasM125
Expert Alumni

Retirement tax questions

The early withdrawal penalty is included in the refund you mention, you will not have to pay that later. 

 

The special Covid related penalty relief provisions for early pension plan distributions are not affective for tax year 2022, they were just for 2020, as mention by @RalphH1.  You can use this link to see a list of reasons you may be exempt from a penalty on early withdrawal of pension money:  Early pension withdrawal penalty relief

 

 

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