Armed security guards in the Northeast earned salaries between $26,000 and $37,000, respectively, in Maine and New York. In the Midwest, employers paid these security guards $23,000 to $33,000, respectively, in South Dakota and Illinois.
Penalty free. Other withdrawals still require you to pay income tax, but the IRS wonât punish you with an additional 10% early withdrawal penalty. The most common is for higher education expenses. You donât have to pay the penalty if the withdrawal is for less than or equal to the amount you pay that year for tuition, books, room and board, etc.
Taxpayers may take a hardship withdrawal from an individual retirement account (IRA) to pay for qualified higher education expenses without incurring a 10 percent early distribution tax penalty.