DaveF1006
Expert Alumni

Retirement tax questions

It depends. There may be several reasons why.  First of all, you are taxed if your taxable amount is different from your gross income. Also there may be additional early withdrawal penalties if you are less that 59 1/2 unless there are extenuating circumstances that apply. 

 

Please read this Turbo Tax article for exceptions that may apply to you.

 

Early Withdrawals

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