What if I used the early withdrawal so I could pay my taxes for 2016?

posted

Connect with an expert

1 Best answer

Accepted Solutions

What if I used the early withdrawal so I could pay my taxes for 2016?

You still have to pay the early withdrawal penalty. There is no exception for that (and you could have set up an installment payment plan with the IRS to avoid an immediate need for a hunk of cash.).

View solution in original post

1 Reply

What if I used the early withdrawal so I could pay my taxes for 2016?

You still have to pay the early withdrawal penalty. There is no exception for that (and you could have set up an installment payment plan with the IRS to avoid an immediate need for a hunk of cash.).

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post