https://ttlc.intuit.com/community/taxes/discussion/ira-withdrawal/01/3399067#M1253480 <P>Hello, I had to withdraw money twice from my IRA account due to financial hardship/being unemployed this year. Is there any way to get an exemption for the penalty when I file taxes in 2025?</P> Wed, 30 Oct 2024 16:20:50 GMT JJ180 2024-10-30T16:20:50Z https://ttlc.intuit.com/community/taxes/discussion/ira-withdrawal/01/3399067#M1253480 <P>Hello, I had to withdraw money twice from my IRA account due to financial hardship/being unemployed this year. Is there any way to get an exemption for the penalty when I file taxes in 2025?</P> Wed, 30 Oct 2024 16:20:50 GMT https://ttlc.intuit.com/community/taxes/discussion/ira-withdrawal/01/3399067#M1253480 JJ180 2024-10-30T16:20:50Z https://ttlc.intuit.com/community/taxes/discussion/re-ira-withdrawal/01/3399089#M1253481 <P>Which penalty?&nbsp; For being under 59 1/2?&nbsp; No.&nbsp; You have 60 days to replace the withdrawal to avoid the tax on it.&nbsp;&nbsp;</P> Wed, 30 Oct 2024 16:26:52 GMT https://ttlc.intuit.com/community/taxes/discussion/re-ira-withdrawal/01/3399089#M1253481 VolvoGirl 2024-10-30T16:26:52Z https://ttlc.intuit.com/community/taxes/discussion/re-ira-withdrawal/01/3399105#M1253482 <P>Yes I'm under 59.5. I thought I was going to be able to pay back the first withdrawal in less than 60days, but I was unable to do so.&nbsp;</P> Wed, 30 Oct 2024 16:33:06 GMT https://ttlc.intuit.com/community/taxes/discussion/re-ira-withdrawal/01/3399105#M1253482 JJ180 2024-10-30T16:33:06Z