CDL Tax Services LLC

Chelsea TaxProfessional Allen

For those of you that withdrew from your 401k, read this in its entirety...

401(k) Early Withdrawal Rules
• Before age 59½ → Generally hit with:
• 10% early withdrawal penalty
• Plus regular income taxes
• At age 59½ or older →
• No 10% penalty
• Still taxable as income (unless it’s a Roth 401(k))

Common Exceptions (no 10% penalty even if under 59½)

You may avoid the penalty if:
• You leave your job in or after the year you turn 55 (Rule of 55)
• You’re totally and permanently disabled
• You set up Substantially Equal Periodic Payments (72(t))
• The withdrawal is due to a Qualified Domestic Relations Order (QDRO)
• Certain IRS levies or military service situations

⚠️ Important: Taxes usually still apply, even when the penalty doesn’t.

If you want, tell me:
• Age
• Still working or separated from employer
• Traditional vs Roth 401(k)

If you need help filing your taxes because you do not understand, contact me and I will get you right by maximizing your refund the correct and legal way!

Text to 470.451.3772.

Client Intake Form
https://www.cognitoforms.com/CDLTaxServicesLLC1/ClientInakeForm

CDL Tax Services LLC

For those of you that withdrew from your 401k, read this in its entirety...

401(k) Early Withdrawal Rules
• Before age 59½ → Generally hit with:
• 10% early withdrawal penalty
• Plus regular income taxes
• At age 59½ or older →
• No 10% penalty
• Still taxable as income (unless it’s a Roth 401(k))

Common Exceptions (no 10% penalty even if under 59½)

You may avoid the penalty if:
• You leave your job in or after the year you turn 55 (Rule of 55)
• You’re totally and permanently disabled
• You set up Substantially Equal Periodic Payments (72(t))
• The withdrawal is due to a Qualified Domestic Relations Order (QDRO)
• Certain IRS levies or military service situations

⚠️ Important: Taxes usually still apply, even when the penalty doesn’t.

If you want, tell me:
• Age
• Still working or separated from employer
• Traditional vs Roth 401(k)

If you need help filing your taxes because you do not understand, contact me and I will get you right by maximizing your refund the correct and legal way!

Text to 470.451.3772.

Client Intake Form
https://www.cognitoforms.com/CDLTaxServicesLLC1/ClientInakeForm

CDL Tax Services LLC

Let's get you filed today. Click the link below⬇️⬇️

CDL Tax Services LLC | Referral Download CDL Tax Services LLC Mobile App Referral Download

State of Georgia is asking for 12 weeks to process returns...please practice patience!
Chelsea D Allen

PATH lifted yesterday…file your taxes today!!

IRS starts accepting tax returns 1.23.23!!
Book your appt now!!

🚨🚨🚨🚨🚨🚨

🚨🚨🚨New Tax Law Alert🚨🚨🚨According to the Georgia Heartbeat Bill, you can claim your unborn child on your 2022 state income tax return.

Details coming soon!!

Vacation giveaways and referral fees will go out next week to all that qualify…stay tuned