early withdrawal

Can I withdrawal retirement funds to build a home

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Yes, you can withdraw $10,000 from a retirement fund to build a home. This will be taxed as ordinary income, but you can avoid the 10% additional early distribution tax. The IRS allows the withdrawal from an IRA, SEP, SIMPLE IRA, and SARSEP.

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I haven’t received my state refund as it was suppose to be delivered through direct deposit today. I have received my federal refund early which was a few days ago.

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