https://ttlc.intuit.com/community/taxes/discussion/re-hardshid-deductions/01/3725220#M1387552 <P>No, there is no deduction for having a hard time. &nbsp;However, you can avoid the 10% penalty that would normally be charged for early withdrawal from a 401K if there were medical expenses that had to paid with the money you took out or if you were over 55 when you were separated from your job.</P> <P>&nbsp;</P> <P>&nbsp;</P> Thu, 15 Jan 2026 00:56:02 GMT RobertB4444 2026-01-15T00:56:02Z https://ttlc.intuit.com/community/taxes/discussion/hardshid-deductions/01/3725217#M1387551 <P>Are there are hardship deductions?&nbsp; I was out of a job in 2025 dealing with a cancer diagnosis.&nbsp; I had to sell some of my 401k to get by.&nbsp; Are there any ways to reduce the tax rate due to the hardship?</P> Thu, 15 Jan 2026 00:51:57 GMT https://ttlc.intuit.com/community/taxes/discussion/hardshid-deductions/01/3725217#M1387551 kstoddart7 2026-01-15T00:51:57Z https://ttlc.intuit.com/community/taxes/discussion/re-hardshid-deductions/01/3725220#M1387552 <P>No, there is no deduction for having a hard time. &nbsp;However, you can avoid the 10% penalty that would normally be charged for early withdrawal from a 401K if there were medical expenses that had to paid with the money you took out or if you were over 55 when you were separated from your job.</P> <P>&nbsp;</P> <P>&nbsp;</P> Thu, 15 Jan 2026 00:56:02 GMT https://ttlc.intuit.com/community/taxes/discussion/re-hardshid-deductions/01/3725220#M1387552 RobertB4444 2026-01-15T00:56:02Z