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ikram1
New Member

I am jobless and took money from 401k for basic needs. Is there a way to write-off or reduce. I paid 10%. If I owe, can I defer payment to IRS. I am still job hunting.

There is no way I can pay IRS at the moment. Is there a payment plan.

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1 Reply
TomK
Expert Alumni

I am jobless and took money from 401k for basic needs. Is there a way to write-off or reduce. I paid 10%. If I owe, can I defer payment to IRS. I am still job hunting.

Maybe you qualify for a hardship withdrawal?

https://ttlc.intuit.com/replies/3302066

Please read the TurboTax FAQ for more information on "Can I file a Form 9465 (Installment Agreement Request) in TurboTax?": Can I file a Form 9465 (Installment Agreement Request) in TurboTax?

If you already filed, or you're unable to find this option in TurboTax, you can apply for a payment plan at the IRS Payment Plans and Installment Agreements web page (make sure you've filed your return before applying through their site).

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