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deelangat
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Why am I being penalized for early IRA withdrawal for higher education. I thought higher education is an exception. Thanks

 
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Why am I being penalized for early IRA withdrawal for higher education. I thought higher education is an exception. Thanks

Up to $10,000 that was paid for higher education  in 2020 for you, a spouse or dependent can be excluded from the  early distribution penalty, not the normal tax.

 

TurboTax will ask for exceptions.

 

Screen Shot 2021-03-22 at 7.07.13 PM.jpgScreen Shot 2021-03-22 at 7.07.41 PM.jpg

 

 

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
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