When you make an early withdrawal from your 401k, you will have to pay a penalty of 10 percent of the withdrawal to the IRS.
When you make an early withdrawal from your 401k, you will have to pay a penalty of 10 percent of the withdrawal to the IRS. This is in addition to any taxes you will have to pay to the IRS... https://www.401krollover.com/401k-withdrawal-penalties/