Retirement tax questions

No.   There is no deduction for taking money out of a retirement account.  Depending on what kind of retirement account it is, you might have an exception to the early withdrawal penalty.   But the rest of it is taxable income---not a deduction.

 

 

EXCEPTIONS TO EARLY WITHDRAWAL PENALTY

https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-exceptions-to-tax-o...

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