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What is the tax treatment of withdrawals from my Blue Line 457 account?

April 26, 2017account BLUE line tax treatment withdrawals

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What is the tax treatment of withdrawals from my Blue Line 457 account?

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Blue Line 457 Plan assets that remain in the plan until paid are never subject to an early withdrawal penalty tax. The assets will be taxable as income in the year in which they are withdrawn, and withholding may be applied. Please review the Special Tax Notice Regarding Plan Payments for additional tax information pertaining to distributions.