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View Full Version : Hardship withdrawal to pay IRS taxes


fligirl325
Apr 22, 2007, 12:59 PM
Can I get a hardship withdrawal from fidelity to pay back Federal Taxes?

ebaines
Apr 26, 2007, 08:18 AM
In general payment of taxes is not one of the generally accepted reasons for hardship. Have you already contacted the IRS about setting up a payment plan? That should come before you seriously consider a hardship withdrawal from your 401(k).

Here is a good web site that covers hardship withdrawals:

401khelpcenter.com - 401k Hardship Withdrawals (http://www.401khelpcenter.com/hardships.html)