turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

whoacaito
New Member

If I withdraw money from my 401k early for educational expenses (i.e. tuition), am I still subject to the additional tax?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
dmertz
Level 15

If I withdraw money from my 401k early for educational expenses (i.e. tuition), am I still subject to the additional tax?

Yes, unless another exception applies.  The penalty exception for higher-education expenses only applies to distributions from IRAs, not to distributions from a qualified retirement plan like a 401(k).

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies