Steven J. Fromm | Steven J. Fromm & Associates, P.C.
If you are making an early withdrawal and are subject to the penalty for early withdrawal, it does not matter what your filing status may be. The penalty will be the same in all cases. As far as the income side of the withdrawal, generally MFJ results in less taxes than MFS. However, in some situations this may not be the case. The only way to know for sure is to run the numbers under MFJ and MFS and see which results in the least taxes.
Answer Applies to: Pennsylvania