Can you use 401k for medical expenses

During periods of financial hardship, the IRS allows you to use your 401(k) for medical expenses. There are different methods of withdrawal and you can expect to pay state taxes, plus some fees to the IRS. Your withdrawal counts towards income on your taxes, so …

If you are faced with high medical expenses for yourself, your spouse, or a qualified dependent, you may be eligible to withdraw some funds from your IRA or 401k penalty-free to …

How to Pay Medical Expenses With a 401k | Sapling

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If you are faced with high medical expenses for yourself, your spouse, or a qualified dependent, you may be eligible to withdraw some funds from your IRA or 401k penalty-free to pay for those expenses. The amount that you can withdraw is limited to the actual amount of the …

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