What is the name of your state (only U.S. law)? Arkansas
Hello,
I had a question on whether I qualified for an exemption to the 10% 401K early withdrawal penalty on my income tax return. I left a company in August of 2013 and was paid out my 401K in January of 2014. I am a part-time student but pay for school out of pocket by working. I want to know if I can claim the exemption to the penalty. Technically, I didn't withdraw the money for 401K, but I definitely had more than $700 dollars (the amount withdrawn) in education expenses last year.
What would your opinions be?
Thanks in advance for any help you can provide!
Hello,
I had a question on whether I qualified for an exemption to the 10% 401K early withdrawal penalty on my income tax return. I left a company in August of 2013 and was paid out my 401K in January of 2014. I am a part-time student but pay for school out of pocket by working. I want to know if I can claim the exemption to the penalty. Technically, I didn't withdraw the money for 401K, but I definitely had more than $700 dollars (the amount withdrawn) in education expenses last year.
What would your opinions be?
Thanks in advance for any help you can provide!