topic I filed my taxes for 2017. I withdrew my 401k early, so I anticipated the 10% penalty, but I am getting a federal refund. Will the IRS send me a bill for the 10% penalty? in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/i-filed-my-taxes-for-2017-i-withdrew-my-401k-early-so-i-anticipated-the-10-penalty-but-i-am-getting/01/491135#M45400 Wed, 05 Jun 2019 01:18:36 GMT emily_kenney 2019-06-05T01:18:36Z I filed my taxes for 2017. I withdrew my 401k early, so I anticipated the 10% penalty, but I am getting a federal refund. Will the IRS send me a bill for the 10% penalty? https://ttlc.intuit.com/community/retirement/discussion/i-filed-my-taxes-for-2017-i-withdrew-my-401k-early-so-i-anticipated-the-10-penalty-but-i-am-getting/01/491135#M45400 Wed, 05 Jun 2019 01:18:36 GMT https://ttlc.intuit.com/community/retirement/discussion/i-filed-my-taxes-for-2017-i-withdrew-my-401k-early-so-i-anticipated-the-10-penalty-but-i-am-getting/01/491135#M45400 emily_kenney 2019-06-05T01:18:36Z No.  The penalty is calculated as part of your tax return... https://ttlc.intuit.com/community/retirement/discussion/no-the-penalty-is-calculated-as-part-of-your-tax-return/01/491142#M45401 <P>No.&nbsp; The penalty is calculated as part of your tax return on line 59 on the 1040 form and added to your overall&nbsp; tax.&nbsp;&nbsp; Any withholding from all W-2's and 1099's will be applied to offset that tax.&nbsp; Any excess will&nbsp; be a refund, any shortfall will be tax owed that needs to be paid when you file.<BR /></P> Wed, 05 Jun 2019 01:18:38 GMT https://ttlc.intuit.com/community/retirement/discussion/no-the-penalty-is-calculated-as-part-of-your-tax-return/01/491142#M45401 macuser_22 2019-06-05T01:18:38Z