MinhT1
Expert Alumni

Retirement tax questions

Your withdrawal from your Roth IRA for education purposes is exempted from income taxes and the 10% early withdrawal penalty if the amount withdrawn is from your original contributions to your Roth IRA.

 

Your wife's withdrawal from her Traditional IRA to pay for your son's tuition is exempted from the 10% early withdrawal penalty, but not exempt from income taxes.

 

Please read this TurboTax Help article for more information.

 

 

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