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If I'm buying my first home, can I withdrawal from my 403(B) with no tax penalty?

2006-12-28 03:55:30 · 1 answers · asked by meraz19 1 in Business & Finance ➔ Taxes ➔ United States

1 answers

No, you cannot escape the 10% penalty for a first-time home purchase when you withdraw from your 403b.

You can withdraw up to $10,000 penalty-free for a first-time home purchase from your IRA.

2006-12-28 04:44:45 · answer #1 · answered by ninasgramma 7 · 1⤊ 0⤋

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