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margo
New Member

My mother passed away in august and I had to take money out of my retirement to pay for her funeral expenses. are these an exception for the early withdraw penalty

 
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Coleen3
Intuit Alumni

My mother passed away in august and I had to take money out of my retirement to pay for her funeral expenses. are these an exception for the early withdraw penalty

I'm sorry for your loss. Unfortunately, no. This is not an exception to the penalty. You may qualify for another type. See possibilities in the link below.

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

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