Submitted by Mega_Fry t3_10q60u3 in personalfinance
nothlit t1_j6o770h wrote
Reply to comment by Levertki1 in Claiming refund for 401(k) withdrawal penalty by Mega_Fry
That just means you're allowed to take the withdrawal for that reason. It doesn't mean it's exempt from the 10% penalty.
> Hardship distributions are subject to income taxes (unless they consist of Roth contributions). They may also be subject to a 10% additional tax on early distributions.
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