Hey ,

In case you missed it, the IRS has approved limited penalty-free withdrawals from your 401k. You can now take out up to $1,000 per year without triggering the 10% early withdrawal penalty.

This is a great option for those facing financial hardship.

Important details:

• Limit: One withdrawal per calendar year.
• Penalty-free: No 10% early withdrawal penalty on the first $1,000.

For more information and insights, check out my full video, "2024 Tax UPDATES AND Q&A: Your Burning Questions Answered!" on my YouTube channel, @FolasadeTV!

https://www.youtube.com/watch?v=IiETxrRXGK0&t=383s 

Stay tuned for more financial updates!

Your favorite tax professional, 

Folasade,

(202) 618-1295

[email protected] 

P.S. Have a burning question? Reply to this email or reach out for personalized advice! Find my contact details on my website.

Hey Entrepreneur! I am Folasade Ayegbusi. I am an Enrolled Agent, Accountant, Ex-insurance Broker, Speaker, and Small Business Growth Strategist. Additionally, I am a Mother, and Entrepreneur.

I have helped entrepreneurs and small business owners save over $25 million dollars in lost revenue, tax assessments, penalties, and interests over the last 12 months. I am confident that I can assist you with all of your accounting needs.