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April 13, 2025
Question

Early 401K withdrawal exceptions

  • April 13, 2025
  • 1 reply
  • 0 views

Would replacing a leaking roof, which is creating an unhealthy living condition due to black mold, considered an emergency/hardship withdrawal.

1 reply

April 13, 2025

No.

 

For tax year 2024, there is a financial emergency exception, once per calendar year to a maximum of $1,000.

 

Please read this TurboTax Help article for more information.

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