Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Taxes (https://www.askmehelpdesk.com/forumdisplay.php?f=320)
-   -   401 k taxation and forms (https://www.askmehelpdesk.com/showthread.php?t=69792)

  • Mar 7, 2007, 02:55 PM
    julieliz
    401 k taxation and forms
    I left my job in GA in March 2006 and cashed in my 401K... moved to AL and didn't work until November and cashed in pension. My total income does not put me in a different tax bracket. Will I still owe taxes and how do I file this? 2 different states, different jobs, etc..
  • Mar 8, 2007, 03:51 PM
    AtlantaTaxExpert
    You will PROBABLY owe taxes.

    The 20% withheld usually does not cover the taxes owed on a 401K withdrawal.

    • All times are GMT -7. The time now is 05:35 PM.