A penalty on money withdrawn prematurely from a fixed-term investment, such as a tax-deferred retirement plan before age 59 1/2.
Related information about early withdrawal penalty:
- Early Withdrawal Penalty Deduction
If you incurred a penalty for early withdrawal of your certificate of deposit at a bank, you can deduct that penalty as a tax deduction on Form 1040.
- Early Distribution of IRA, 401K & Other Retirement Accounts ...
Additional Tax on Early Distributions from IRAs & Other Retirement Accounts... Early Withdrawal Penalty Deduction · William Perez Tax Planning: U.S. Guide ...
- Eight Ways to Avoid the 10% Early Withdrawal Fee on Your IRA
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- 401(k) Early Withdrawal Tax Penalty
Early Withdrawal Penalty Exceptions. You may qualify to ... If I choose to waive the QDRO, do I face a 10 or 20% early withdrawal penalty? Thanks for your help ...
- 1099-R: Early Withdrawal Penalty
To discourage the use of pension funds for purposes other than normal retirement, the IRS imposes an additional 10% tax on certain early distributions of these ...
- What is an Early Withdrawal Penalty?
Feb 5, 2012 ... Why would you give the government an extra cut out of your retirement nest egg if you didn't have to? We all work too hard and save too ...
- Tax Topics - Topic 558 Tax on Early Distributions from Retirement ...
Oct 31, 2012 ... Topic 558 - Tax on Early Distributions from Retirement Plans, Other Than IRAs. To discourage the use of retirement funds for purposes other ...
- Roth IRA early withdrawals and penalties - Fool.com
Unless an exception applies, most distributions from a Roth IRA before the owner reaches age 59 1/2 will be subject to an "early withdrawal penalty" of 10% on ...