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I withdrew 401k early due to becoming homeless. Any relief in tax withheld

 
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MinhT
Expert Alumni

I withdrew 401k early due to becoming homeless. Any relief in tax withheld

Unfortunately, this is not an exception to the early withdrawal penalty of 10% if you are aged 59 1/2 or less. Your withdrawal is taxable and is subject to the early withdrawal penalty.

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2 Replies

I withdrew 401k early due to becoming homeless. Any relief in tax withheld

I'm unemployed and don't have income or a place to live that is safe. I am a recovered alcoholic trying to get on track. Need money to do that
MinhT
Expert Alumni

I withdrew 401k early due to becoming homeless. Any relief in tax withheld

Unfortunately, this is not an exception to the early withdrawal penalty of 10% if you are aged 59 1/2 or less. Your withdrawal is taxable and is subject to the early withdrawal penalty.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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