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New Member
posted Apr 12, 2025 9:44:12 PM

Early 401K withdrawal exceptions

Would replacing a leaking roof, which is creating an unhealthy living condition due to black mold, considered an emergency/hardship withdrawal.

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1 Replies
Expert Alumni
Apr 13, 2025 5:01:11 AM

No.

 

For tax year 2024, there is a financial emergency exception, once per calendar year to a maximum of $1,000.

 

Please read this TurboTax Help article for more information.