Is an early withdrawal from Massachusetts Teachers' Retirement subject to the 10% tax penalty if the money is used to fund a child's qualified higher education costs?
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Is an early withdrawal from Massachusetts Teachers' Retirement subject to the 10% tax penalty if the money is used to fund a child's qualified higher education costs?
Is an early withdrawal from Massachusetts Teachers' Retirement subject to the 10% tax penalty if the money is used to fund a child's qualified higher education costs?
Yes. It is subject to the 10% tax penalty as paying higher education expenses is not one of the penalty exceptions listed on page 18 of the Massachusetts link below.
Is an early withdrawal from Massachusetts Teachers' Retirement subject to the 10% tax penalty if the money is used to fund a child's qualified higher education costs?
Yes. It is subject to the 10% tax penalty as paying higher education expenses is not one of the penalty exceptions listed on page 18 of the Massachusetts link below.
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