I withdrew 401k early due to becoming homeless. Any relief in tax withheld
021109
1 Best answer
MinhT
Expert Alumni
Jun 1, 2019 5:43:48 PM
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.
2 Replies
ericlawrence96
New Member
Jun 1, 2019 5:43:47 PM
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
Jun 1, 2019 5:43:48 PM
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.