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Jean2025
New Member

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 Reply
MinhT1
Expert Alumni

Early 401K withdrawal exceptions

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.

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