topic Approximately how much will I be penalized for taking $14000 out of my 401K? in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/approximately-how-much-will-i-be-penalized-for-taking-14000-out-of-my-401k/01/82712#M4780 Sat, 01 Jun 2019 03:09:32 GMT wilburjn 2019-06-01T03:09:32Z Approximately how much will I be penalized for taking $14000 out of my 401K? https://ttlc.intuit.com/community/retirement/discussion/approximately-how-much-will-i-be-penalized-for-taking-14000-out-of-my-401k/01/82712#M4780 Sat, 01 Jun 2019 03:09:32 GMT https://ttlc.intuit.com/community/retirement/discussion/approximately-how-much-will-i-be-penalized-for-taking-14000-out-of-my-401k/01/82712#M4780 wilburjn 2019-06-01T03:09:32Z The standard penalty for an early withdrawal from your 40... https://ttlc.intuit.com/community/retirement/discussion/the-standard-penalty-for-an-early-withdrawal-from-your-40/01/82721#M4781 <P>The standard penalty for an early withdrawal from your 401(k) is 10%.&nbsp; You will then have to claim the $14,000 as income, which will result in an additional tax obligation which is dependent on your other income, deductions, and credits.<BR /></P> Sat, 01 Jun 2019 03:09:34 GMT https://ttlc.intuit.com/community/retirement/discussion/the-standard-penalty-for-an-early-withdrawal-from-your-40/01/82721#M4781 NewGuy 2019-06-01T03:09:34Z