topic No.&nbsp;&nbsp;It is added on after the deductions are subtracted f... in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/no-it-is-added-on-after-the-deductions-are-subtracted-f/01/566069#M53039 No.&nbsp;&nbsp;It is added on after the deductions are subtracted from your income.&nbsp;&nbsp;Do you think you meet any of the exceptions?<BR /><BR />For an IRA Early Withdrawal.&nbsp;&nbsp;There are several exceptions to the age 59½ rule. Even if you receive a distribution before you are age 59½, you may not have to pay the 10% additional tax if you are in one of the following situations.&nbsp;&nbsp;&nbsp;<BR /><BR />See Publication 590-B page 24 for Early Distribution exceptions<BR /><A rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-pdf/p590b.pdf">https://www.irs.gov/pub/irs-pdf/p590b.pdf</A> Wed, 05 Jun 2019 18:03:43 GMT VolvoGirl 2019-06-05T18:03:43Z Can the 10% penalty on an IRA distribution be offset by tax deductions https://ttlc.intuit.com/community/retirement/discussion/can-the-10-penalty-on-an-ira-distribution-be-offset-by-tax-deductions/01/566065#M53038 Wed, 05 Jun 2019 18:03:41 GMT https://ttlc.intuit.com/community/retirement/discussion/can-the-10-penalty-on-an-ira-distribution-be-offset-by-tax-deductions/01/566065#M53038 kat319 2019-06-05T18:03:41Z No.  It is added on after the deductions are subtracted f... https://ttlc.intuit.com/community/retirement/discussion/no-it-is-added-on-after-the-deductions-are-subtracted-f/01/566069#M53039 No.&nbsp;&nbsp;It is added on after the deductions are subtracted from your income.&nbsp;&nbsp;Do you think you meet any of the exceptions?<BR /><BR />For an IRA Early Withdrawal.&nbsp;&nbsp;There are several exceptions to the age 59½ rule. Even if you receive a distribution before you are age 59½, you may not have to pay the 10% additional tax if you are in one of the following situations.&nbsp;&nbsp;&nbsp;<BR /><BR />See Publication 590-B page 24 for Early Distribution exceptions<BR /><A rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-pdf/p590b.pdf">https://www.irs.gov/pub/irs-pdf/p590b.pdf</A> Wed, 05 Jun 2019 18:03:43 GMT https://ttlc.intuit.com/community/retirement/discussion/no-it-is-added-on-after-the-deductions-are-subtracted-f/01/566069#M53039 VolvoGirl 2019-06-05T18:03:43Z