Question

I'm disabled & getting ins payments. I was forced to take my 403B but the IRS says its not taxable but is part of my income. Tell me why I have to pay additional taxes?

Forum|Forum|7 years ago
June 4, 2019
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TurboTax Deluxe Online

If you took an early distribution from your retirement plan, that is, before you turn 59 ½, you'll generally have to pay a 10% early distribution penalty.

However, those who are totally and permanently disabled can qualify to get an exception from the 10% early distribution penalty for all distributions. You will still, however, owe regular income tax on the distribution.