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I know that there is a federal 10% penalty for an early IRA withdrawal; does Ohio also charge a penalty for an early IRA withdrawal?

 
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4 Replies

I know that there is a federal 10% penalty for an early IRA withdrawal; does Ohio also charge a penalty for an early IRA withdrawal?

I will page @dmertz and @Hal_Al 

dmertz
Level 15

I know that there is a federal 10% penalty for an early IRA withdrawal; does Ohio also charge a penalty for an early IRA withdrawal?

As far as I know, California is the only state with its own penalty for early distributions from retirement accounts.  I've seen nothing to suggest that Ohio has such a penalty.

I know that there is a federal 10% penalty for an early IRA withdrawal; does Ohio also charge a penalty for an early IRA withdrawal?

Thanks!

Hal_Al
Level 15

I know that there is a federal 10% penalty for an early IRA withdrawal; does Ohio also charge a penalty for an early IRA withdrawal?

Q. Does Ohio also charge a penalty for an early IRA withdrawal?

A. No.

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