If I have a hardship, how much can I withdraw?
The amount of your hardship withdrawal is limited to the amount you need to meet the immediate hardship, including taxes and penalties. This is illustrated by your supporting documents.
The IRS also restricts the type of money you can withdraw from your Single(k):
- You may withdraw pre-tax contributions.
- You may withdraw profit-sharing contributions and the associated earnings.
- You may not withdraw earnings on pre-tax contributions.
- You may not withdraw Roth contributions and any associated earnings.