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tthurston2248
March 28, 2025
Question

can I reduce the tax paid if I took out took out funds from 401k for mothers medical care, how do I reduce the tax liability

  • March 28, 2025
  • 1 reply
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1 reply

KrisD15
KrisD15
March 28, 2025

If your mother is your dependent and the medical bills were more than 7.5 of your Adjusted Gross Income, you could use that exception to the 10% additional tax. 

 

TurboTax asks if there is an exception you can meet. 

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