If I withdraw money from my 401k early for educational expenses (i.e. tuition), am I still subject to the additional tax?
01529
1 Replies
dmertz
Level 15
Jun 3, 2019 11:43:23 AM
Yes, unless another exception applies. The penalty exception for higher-education expenses only applies to distributions from IRAs, not to distributions from a qualified retirement plan like a 401(k).