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Early distributions from a retirement account: Are those that take place before reaching age 65. Are taxed at the taxpayer's lowest marginal rate. Are added

Early distributions from a retirement account: Are those that take place before reaching age 65. Are taxed at the taxpayer's lowest marginal rate. Are added to income and taxed accordingly, along with a potential 10% penalty. Generally have enough tax withheld to account for both the penalty and the tax

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