USA 401 tax,fee, penalty for disable persons

Joined
Dec 11, 2017
Messages
1
Reaction score
0
Country
United States
Is there anyway to legally avoid paying taxes, fees, or penalties out of 401k for persons under disability for uncovered medical bills, living expense - rent, food, gas.
Thank you.
 

Drmdcpa

VIP Member
Joined
Aug 2, 2017
Messages
499
Reaction score
42
Country
United States
You can avoid the premature distribution penalty but not the income tax. At least that is how I understand things.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Members online

No members online now.

Forum statistics

Threads
11,631
Messages
27,576
Members
21,373
Latest member
datanalyticscourse

Latest Threads

Top