Yes, there is an early penalty withdrawal penalty of 10 percent on retirement funds withdrawals, in addition to the ten percent, ther is a 10 percent tax on the funds. If you look in box 7 of the 1099 R, it will give you a code number. If there is a code 2, you may be eligible for an exception to the 10 percent early withdrawal penalty, There is no exception to the taxes. You may be able to lessen tthm with your deductions, etc.
