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Download & Install
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  - Windows Installer and .NET Errors
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Getting Started
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Preparing My Taxes
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  - 2012 Tax Law Changes: We've Got You Covered!
    Don't worry about the 2012 tax law changes- we've got you covered! Despite what you may have heard, you are probably not affected by the 2012 American Taxpayer Relief Act.
  - Who is a Dependent?
    If you support relatives or someone who lives with you, they could count as your dependents.
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  - 2012 Tax Law Changes: We've Got You Covered!
    Don't worry about the 2012 tax law changes- we've got you covered! Despite what you may have heard, you are probably not affected by the 2012 American Taxpayer Relief Act.
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  - 2012 Tax Law Changes: We've Got You Covered!
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    TurboTax determines if your child qualifies for the child tax credit.
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    See which education expenses count toward a tax credit or deduction.
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  - 2012 Tax Law Changes: We've Got You Covered!
    Don't worry about the 2012 tax law changes- we've got you covered! Despite what you may have heard, you are probably not affected by the 2012 American Taxpayer Relief Act.
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  - 2012 Tax Law Changes: We've Got You Covered!
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  - Why is My Tax Refund Different This Year?
    Here are some common reasons why your taxes could have changed.
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What is the early distribution penalty for an IRA?

Updated: 1/16/2013

Article ID: IAS10302

The law imposes a 10% tax (penalty), in addition to your regular tax on certain early distributions of retirement funds. Early withdrawals are those from a qualified retirement plan or deferred annuity contract before reaching age 59 1/2.

There are certain exceptions to this additional tax. Non-taxable distributions, such as rollovers or a distribution of your designated Roth IRA contributions are not subject to this 10% additional tax.

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