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June 6, 2019
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If i withdrew from a retirement plan to pay tuition would that lower my tax bill

  • June 6, 2019
  • 1 reply
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Best answer by Celery63
The only possibility is that there is an exception to the penalty for early withdrawal from an IRA when used to pay qualified education expenses. The distribution is still fully taxable, nothing changes that. The exception applies only to an IRA and not to any other type of retirement plan.

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Celery63Answer
June 6, 2019
The only possibility is that there is an exception to the penalty for early withdrawal from an IRA when used to pay qualified education expenses. The distribution is still fully taxable, nothing changes that. The exception applies only to an IRA and not to any other type of retirement plan.