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Retirement tax questions
I'm afraid none of those payments are exceptions to the 10% penalty for premature distributions from a 401(k) plan. The exception for qualified education expenses is only available for distributions from IRAs. Please follow this link for more information. https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-tax-on-early-distri...
‎June 6, 2019
2:45 AM