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New Member
posted Apr 14, 2025 11:47:31 AM

We paid over $60k in tuition out of our 401k/403b funds? Can we claim any of this?

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1 Replies
Expert Alumni
Apr 14, 2025 11:52:06 AM

Education expenses is not an exception to penalty tax on a withdrawal of a 401(k) plan.

 

You may be eligible for an education credit if the expenses paid were for yourself or your dependent.