topic Thanks for your help. Now I understand it. I appreciate... in Retirement tax questions

I had an early 401k withdrawal being used to pay for medical expenses. Why does it appear to be showing as still fully taxable when it wasn't on previous tax years?

nicole-b52 — Thu, 06 Jun 2019 12:45:48 GMT

I had a couple early 401k withdrawals, the largest one was under a hardship and all used for medical expenses. Looks like still being 100% taxed when I wasn't in previous years.

It is (and always has been) fully taxable, but may be exe...

SweetieJean — Thu, 06 Jun 2019 12:45:49 GMT

It is (and always has been) fully taxable, but may be exempt from the 10% penalty.

https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-tax-on-early-distri...

Thanks for your help. Now I understand it. I appreciate...

nicole-b52 — Thu, 06 Jun 2019 12:45:50 GMT

Thanks for your help. Now I understand it. I appreciate your time.