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Level 1
posted Feb 6, 2023 8:52:02 AM

401(k) hardship withdrawal

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1 Replies
Expert Alumni
Feb 6, 2023 9:05:09 AM

All withdrawals from your 401(k) are taxable.

 

They are also subject to a 10% early withdrawal penalty if you are younger than 59 1/2.

 

There are exceptions for this penalty, none exactly for hardship.

 

Please read this TurboTax Help article for more information.