Skip to main content
Level 2
February 7, 2022
Solved

Early Distribution Penalty

  • February 7, 2022
  • 1 reply
  • 20 views

If I took a early distribution from my 401k will the 10% penalty be paid for if I have a refund (or partially depending on my refund)?  If not will I have to pay the penalty separately? 

Note: I am under 59 1/2 years old.

Best answer by Bsch4477

The penalty will increase your tax liability or decrease your refund. 

1 reply

Bsch4477Level 15Answer
Level 15
February 7, 2022

The penalty will increase your tax liability or decrease your refund. 

Tiger007Author
Level 2
February 7, 2022

Thank you.