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Deductions & credits
A 401(k) (or similar retirment plan) requires a 20% withholding. The 10% withholding apples to IRA's but the plan owner can opt-out of any withholding or have more withheld.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎July 2, 2020
4:10 PM