Hi,
The company I worked for for the past 23 years closed with no notice in February. As a result, they also closed our 401 accounts. Because I am over age 65, I cashed out and took the proceeds to pay off our bills. I am now concerned about the tax liability (a little late, i know) They withheld 20% for taxes. Question, is TurboTax able to figure taxes for the different brackets automatically? Would you be able to confirm that I am not overpaying or underpaying my taxes?
