why is the money from my 401K going against my health insurance discount and what I qualify for?

This was a withdraw, not a loan and taxes where taken out.

posted

A 401(k) distribution is taxable as retirement income and will count as income for determining the health insurance Advance Premium Tax credit. This extra income will cause a decrease of your Premium tax credit.

Please read this Healthcare.gov document for more information.

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Does using my rollover IRA early distribution to pay for cost of life insurance qualify for exception to reduce early withdrawal penalty?

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