Question
offset of 401K tax penalty
My husband retired after 35 year and only age 58. After retirement he planned on supplementing his income with a job. However he fell off of a ladder and shattered his heal which left him unable to work for several months. We pulled from his 401K to supplement his income until he was able to work. We were able to deduct his medical expenses to help offset some of the tax for this withdraw. Is there anything else we can deduct (the income that he would have made? car payment during that time?, etc.?)
Thank you for responding
