- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
The standard penalty for an early withdrawal from your 401(k) is 10%. You will then have to claim the $14,000 as income, which will result in an additional tax obligation which is dependent on your other income, deductions, and credits.
May 31, 2019
8:09 PM