Archived Hardship withdraw

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Aug 24, 2013
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Do you have to pay it back?

I have a tax bill on an apartment I have to pay back taxes on. I need to borrow a hardship loan to get it paid down. Would I have to pay back on it?
 
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Aug 24, 2013
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Already did. I believe I can submit my work through the Target Pay and Benefits site. I'll go ahead and do it since I need the money now.
 
Joined
Apr 23, 2012
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if you have 401k you can take a non hardship withdraw it will cost you 10% penlty depending on how much it wont be that much come tax time. ive done that before. i did take a loan out on my 401k to at one time but i have paid that all off
 
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Oct 1, 2012
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I am going to be doing this soon as well. How common is it? A friend of mine has been with Target for almost five years and she had no idea this existed.
 
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Tell everyone. But, be careful on the 401k. If you can't pay it back quickly, there will be a 33% tax on it.
 
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