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Level 1
posted Nov 27, 2023 1:08:25 PM

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?

0 4 1501
4 Replies
Level 15
Nov 27, 2023 1:40:52 PM

I will page @dmertz and @Hal_Al 

Level 15
Nov 27, 2023 4:33:44 PM

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.

Level 1
Nov 27, 2023 5:57:16 PM

Thanks!

Level 15
Nov 27, 2023 6:33:13 PM

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

A. No.