topic If I close my TSA account early I know that I will incur a fed income tax penalty of 10%. I’m in Georgia so what other early withdrawal penalties can I expect? in Retirement tax questions

If I close my TSA account early I know that I will incur a fed income tax penalty of 10%. I’m in Georgia so what other early withdrawal penalties can I expect?

hiskelly — Tue, 03 Feb 2026 13:52:37 GMT

I’m not 59 1/2 yet; state tax % penalty?

Re: If I close my TSA account early I know that I will incur a fed income tax penalty of 10%. I’m...

MaryK4 — Sun, 02 Feb 2025 20:45:56 GMT

There is no additional state penalty for early withdrawal of your TSA account in Georgia. You would only be subject to the IRS penalty for early withdrawal (unless an exception applies of course).

Re: If I close my TSA account early I know that I will incur a fed income tax penalty of 10%. I’m...

hiskelly — Sun, 02 Feb 2025 23:41:28 GMT

Thanks so much👍🏼