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laura92
February 5, 2025
Question

Can I withdraw contributions from a Roth IRA without penalty before 59 years old?

  • February 5, 2025
  • 1 reply
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    1 reply

    SharonD007
    SharonD007
    February 5, 2025

    It depends. You can withdraw from your Roth IRA before age 59 and 1/2 without penalty if you're not withdrawing any earnings and you've had your Roth IRA for five years and meet one of the exceptions.

     

    Refer to the TurboTax Blog's Roth IRA Withdrawal Rules & Penalties for more information. Also, review IRS Topic no. 557, Additional tax on early distributions from traditional and Roth IRAs.

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