Ask Experts Questions for FREE Help !
Ask
    jobriscoe's Avatar
    jobriscoe Posts: 1, Reputation: 1
    New Member
     
    #1

    Apr 6, 2008, 07:31 AM
    Claiming 401k on your state tax
    Do I claim my 401k contributions on my state tax?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #2

    Apr 6, 2008, 08:35 AM
    No. Your W2 lists taxable income AFTER 401K deductions.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

401k reduce CA state tax [ 1 Answers ]

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

Ca state tax deduction from 401k contribution [ 1 Answers ]

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

401K and state retirement tax [ 6 Answers ]

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. ...

401k distribution ? And state tax [ 4 Answers ]

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!

401K and which state tax ? [ 1 Answers ]

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...


View more questions Search