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

 
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KrisD15
Expert Alumni

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

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. 

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