Hi, I am new to 401k. If I enroll in 401, does it reduce only Federal tax liability, or CA state tax liability as well. How can I compute what tax I will save if I put 3000 In 401k. Any helpful sites/ calculators? Regards, JKG

What law dictates for a company to withhold or to not withhold State Tax upon liquidation of a 401k? I am 61 years old. I cashed out a 401k. I have been a resident of FL for over 2 years. There are no FL State taxes due. I am visiting my sister and had the check mailed to her address in MD. ...

Hello All, I am Nonresident alien from india on F-1 visa. My question is, in my fedral form 1040NR I claim standard deduction/itemize deduction of 5150$(US-India treaty), do I need to add this amount(in form M1 form line 2 http://www.taxes.state.mn.us/taxes/individ/forms/m1.pdf) again when I...

How much would you suggest that I withhold for state taxes on a 12,400 distribution? I live in New York and would prefer not to get dinged at the end of the year. It can be either a percentage or dollar amount. Thank you for any suggestions!

I understand that I have to pay fed and state tax when I take out 401K at 59 1/2 yrs old. Currently I have lived in California for 30 yrs and have 401K. Next year I plan to retire and considering moving to Texas or Arizona where the cost of living is lower than California. Question: which...