https://ttlc.intuit.com/community/taxes/discussion/home-mortgage/01/2791328#M1030065 <P>I withdrew money from my 401K to pay off my house mortgage. Is there a deduction I can take for this withdraw/payment?</P> Tue, 10 Mar 2026 06:59:35 GMT rlgraham55 2026-03-10T06:59:35Z https://ttlc.intuit.com/community/taxes/discussion/home-mortgage/01/2791328#M1030065 <P>I withdrew money from my 401K to pay off my house mortgage. Is there a deduction I can take for this withdraw/payment?</P> Tue, 10 Mar 2026 06:59:35 GMT https://ttlc.intuit.com/community/taxes/discussion/home-mortgage/01/2791328#M1030065 rlgraham55 2026-03-10T06:59:35Z https://ttlc.intuit.com/community/taxes/discussion/re-home-mortgage/01/2792076#M1030066 <P>If you are under 59 1/2 years old, you will pay a 10% early withdrawal penalty unless you qualify for one of the <A href="https://ttlc.intuit.com/turbotax-support/en-us/help-article/retirement-benefits/exceptions-penalty-early-withdrawal-401-k/L9NbxLuiL_US_en_US?uid=lak1lv1o" target="_self">exceptions</A>:</P> <UL class=""> <LI class="">Death, or total and permanent disability</LI> <LI class="">Qualified Domestic Relations Order</LI> <LI class="">Series of substantially equal periodic payments based on life expectancy</LI> <LI class="">Dividend pass through from an ESOP</LI> <LI class="">IRS levy</LI> <LI class="">Unreimbursed medical expenses that are more than a certain amount of your adjusted gross income</LI> <LI class="">Certain distributions to qualified military reservists called to active duty</LI> <LI class="">Separation from Service if age requirement is met</LI> </UL> <P>Paying off a mortgage is not an itemized deduction on Schedule A.&nbsp; Any interest paid in the tax year prior to the payoff would still be deductible on Schedule A.&nbsp;&nbsp;</P> Wed, 16 Nov 2022 19:38:08 GMT https://ttlc.intuit.com/community/taxes/discussion/re-home-mortgage/01/2792076#M1030066 Loretta P 2022-11-16T19:38:08Z