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Gerry9
New Member

Is an early withdrawal penalty on a cd taken into account if I take the standard deduction.

Is an early withdrawal penalty on a CD taken into account if I take the standard deduction?
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2 Replies

Is an early withdrawal penalty on a cd taken into account if I take the standard deduction.

The standard deduction has no bearing on whether there is an early withdrawal penalty on a CD.

Is an early withdrawal penalty on a cd taken into account if I take the standard deduction.

your standard deduction gives you all your itemizable deductions, and possibly more, up to the amount of your standard deduction.

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