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Retirement tax questions
Hello tiffanylalston,
Thanks for participating in our Ask the Experts event today. As to your question, I think the best approach would be to use this Tax Calculator to help you esitmate the taxes you may owe based on your situation this year. It says 2022, but it will work well enough for 2023.
Also, if you qualified for the hardship provision you should be able to avoid the 10% early withdrawal penalty. However, if you didn't, I don't think the calculator above includes that 10% penalty on the withdrawal amount, so you may have to add that to they result.
I hope that helps.
‎July 26, 2023
9:28 AM