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February 1, 2025
Question

on my retirement plan pay out whats the max amount i can put for the distributions for eligible emergency expenses to help reduce how much taxes i will owe

  • February 1, 2025
  • 1 reply
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    1 reply

    DoninGA
    Employee
    February 1, 2025

    The emergency amount is limited to $1,000 for the year and is not liable for the 10% early distribution penalty.