Month: October 2022

Tax Tips Image: Neatly stacked pennies in an ascending line. Russo CPA Tax Tips 2023

Early Withdrawals from Retirement Plans

Many people find themselves in situations where they need to withdraw money from their retirement plan earlier than planned. Doing so, however, can trigger an additional tax on top of any income tax taxpayers may have to pay. Here are five things taxpayers should know about early withdrawals from retirement plans:

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