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posted Jun 1, 2019 1:18:08 PM

Can I make a hardship withdrawal from a 401k for college tuition expenses as the non-custodial parent, in a year in which I cannot claim my son as a dependent?

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1 Replies
Intuit Alumni
Jun 1, 2019 1:18:09 PM

No - You can make the withdrawal, but if you are below age 59-1/2 you will be subject to a 10% withdrawal penalty.
The exception for higher education applies only to IRAs