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-   -   401K withdrawal (https://www.askmehelpdesk.com/showthread.php?t=544405)

  • Jan 15, 2011, 03:56 PM
    allenbig
    401K withdrawl
    I am 61 years old. I withdrawed $146,371.00 from my 401K they took out $29,274.00. My question is how much more will I have to pay?
  • Jan 15, 2011, 04:02 PM
    ScottGem

    That depends on your total income for the year. The $146K will be added to your taxable income for the year. An amount like that could push you into a higher bracket. So complete your return to figure out what your total taxes would be.
  • Jan 15, 2011, 09:18 PM
    AtlantaTaxExpert
    Scott's answer covers everything.

    To give you an accurate estimate of your tax liability, we need a complete picture of all taxable income.

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