IRA withdrawal for college
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Can You Write Off IRA Withdrawal for College?
Short answer: Withdrawals for qualified education skip the 10% early withdrawal penalty, but you still owe income tax.
Roth contributions can always come out tax- and penalty-free.
Records to keep: Keep receipts, statements (1098, 1098-T, 1099, W-2G), and a note of what each cost was for. Compare itemizing to the 2026 standard deduction before you claim.
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IRA withdrawal for college
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Individuals / Personal Taxes
Other Expenses
Personal Tax Deductions
Withdrawals for qualified education skip the 10% early withdrawal penalty, but you still owe income tax.
BizWriteOffs provides educational information only and is not tax, legal, or accounting advice. Deductibility depends on your specific facts and records. Consult a qualified tax professional.
Business justification
Withdrawals for qualified education skip the 10% early withdrawal penalty, but you still owe income tax. Roth contributions can always come out tax- and penalty-free.
Category
- Personal Tax Deductions
personal deduction
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education
education savings