topic I'm considering a $10,000 early withdrawal from my 401K for downpayment on a house. How much will this cost me in taxes and fees? in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/i-m-considering-a-10-000-early-withdrawal-from-my-401k-for-downpayment-on-a-house-how-much-will-this/01/390716#M34996 I live in Texas (no state income tax) and make about $125,000/year. Married filing jointly. 4 kids. Tue, 04 Jun 2019 19:23:03 GMT matt-aggie-vet 2019-06-04T19:23:03Z I'm considering a $10,000 early withdrawal from my 401K for downpayment on a house. How much will this cost me in taxes and fees? https://ttlc.intuit.com/community/retirement/discussion/i-m-considering-a-10-000-early-withdrawal-from-my-401k-for-downpayment-on-a-house-how-much-will-this/01/390716#M34996 I live in Texas (no state income tax) and make about $125,000/year. Married filing jointly. 4 kids. Tue, 04 Jun 2019 19:23:03 GMT https://ttlc.intuit.com/community/retirement/discussion/i-m-considering-a-10-000-early-withdrawal-from-my-401k-for-downpayment-on-a-house-how-much-will-this/01/390716#M34996 matt-aggie-vet 2019-06-04T19:23:03Z You will owe federal taxes at your regular rate 15% or mo... https://ttlc.intuit.com/community/retirement/discussion/you-will-owe-federal-taxes-at-your-regular-rate-15-or-mo/01/390725#M35001 <P>You will owe federal taxes at your regular rate 15% or more + the 10% penalty if you are under the age of 59.5.&nbsp;</P> Tue, 04 Jun 2019 19:23:04 GMT https://ttlc.intuit.com/community/retirement/discussion/you-will-owe-federal-taxes-at-your-regular-rate-15-or-mo/01/390725#M35001 Critter 2019-06-04T19:23:04Z