Does H.R. 3823-19 allow taxpayers to be exept from 10% penalty when withdrawing from retirement if affected by hurricane harvey? And if so, does turbo tax recognize this in their calculations of taxes due?
You'll need to sign in or create an account to connect with an expert.
As a Harvey hurricane victim, you are exempted from the early withdrawal penalty when withdrawing from your retirement plan.
Please read this TurboTax article for more information:
As a Harvey hurricane victim, you are exempted from the early withdrawal penalty when withdrawing from your retirement plan.
Please read this TurboTax article for more information:
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
TheGuttes
Level 1
Wjm2222
New Member
ED001
Level 1
helloTT102
New Member
gayebee-me-com
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.