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March 13, 2025
Question

for someone over 65, is a one time lump sum payment from a 401K taxable?

  • March 13, 2025
  • 2 replies
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    2 replies

    March 13, 2025

    Yes. it is included in your taxable income, but it is not subject to the 10% early withdraw penalty.  

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    DoninGA
    Employee
    March 13, 2025

    Yes, it is taxable.  There is no age limit exception for a withdrawal from a 401(k).