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401k Withdrawal 10% penalty
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We withdrew money from a 401k and had the 10% penalty withheld at the time of the distribution. I am using tax cut software and indicated the withdrawal amount and the 10% penalty already withheld but it seems to be adding it back into my taxes due. It looks like I am being subjected to the 10%...
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I was laid off last year and only got paid for one month. I had to withdraw my 401K funds to get over the loss of income and to keep paying my home loan. Now, while doing my taxes, I ma being charged a 20% penalty (besides the 10% that I already paid while withdrawing). Also, my tax refund is much...
401k withdrawal penalty
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When I finally receive my portion of my ex husband's 401k- I'm wondering if I withdraw the money to use as a down payment on a house for my children and I-what is the penalty? I've heard that there is not a penalty for that purpose. If there is, how much is the penalty??
401k withdrawal penalty
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I cashed out my 401k and have high student load debt. I have read that is an approved reason and should not have to pay the 10 percent penalty. My question is what do I have to provide for my taxes that shows this student load debt.
401k early withdrawal and 10% penalty
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In regard to an early 401k withdrawal, can someone advise if the 10% penalty is calculated on the amount AFTER the 20% withholding, or is it on the amount of the original withdraw? (e.g. If you withdraw $10,000 from your 401k early, and the company withholds 20%=$2000; are you then required to pay... View more questions Search
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