topic These Situations May Lower Your Tax Bill in Get your taxes done using TurboTax

These Situations May Lower Your Tax Bill

fotocom — Sat, 01 Jun 2019 07:05:49 GMT

I figure the answer is no, but I want to ask anyways. I withdrew from my retirement plan to support myself after an employer let me go for taking time off to deal with my mother's death. Would I put the amount of money I pulled out in the "Death" field on the "These Situations May Lower Your Tax Bill" page? To be honest I'm not sure exactly what this field is asking for.

I'm sorry for your loss. That field is just for the death...

CherylW — Sat, 01 Jun 2019 07:05:54 GMT

I'm sorry for your loss.

That field is just for the death of the plan holder.

Depending on the type of retirement plan you had, there are a few exceptions.

Exceptions to Penalty on Early Withdrawal