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    NurseCD's Avatar
    NurseCD Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 19, 2008, 12:13 PM
    401(k) early withdrawal and NJ State taxes
    I took a non-hardship early withdrawal from my 401(k). My question is about NJ state taxes due. Do I owe NJ state taxes on this amount for the April filing? Thanks
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Mar 19, 2008, 12:14 PM
    Yes the amount listed on your 1099 is added to your total income on both Federal and state returns to be used in calculating the taxes owed.

    The 10% penalty however is only Federal.
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