You'll need to sign in or create an account to connect with an expert.
10% for what? Did you take a distribution? There is a 10% Early Withdrawal Penalty if you are under 59 1/2 unless you stopped working there. Then it's 55.
so how do I get the Credit for the 55 yrs of age and 30 yrs retirement?
@ cee wrote:
so how do I get the Credit for the 55 yrs of age and 30 yrs retirement?
We're still trying to figure out what you are asking about. So please clarify some things.
First, are you asking about a USA tax return or a Canadian return? This is the USA TurboTax community forum.
If USA, are you asking about a Federal tax credit or a state tax credit? If the latter, then what state?
If it's a USA return, we can ask someone familiar with retirement plans to help you in this community forum during the day, or we can tell you how to phone TurboTax Support so they can talk to you in realtime to figure out what you are asking about.
is this what your inquiring about? no 10% early withdrawal penalty for
Qualified retirement plan distributions (doesn’t apply to IRAs) you receive after separation from service when
the separation from service occurs in or after the year you reach age 55 (age 50 for qualified public safety
employees).
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
bradchap52
New Member
evanditter
New Member
hcgma2020
Level 2
akaqwp
New Member
coolbean
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.