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Retirement tax questions
Hi again. I'm not sure if you will see this, but I had one more question. I just noticed for the 401(K) RMD that I cannot choose NOT to withhold my state taxes. I know I should choose to not withhold federal next year, but I don't have a choice for state, which is Massachusetts. It withholds state tax automatically without giving me a choice not to.
Does that mean the state just gets to keep that money if I don't file my taxes next year? That seems unfair. I guess I could file to get the $75 back (well actually only $50 after paying Turbo Tax $25 to file state.) But is this common for states?
May 29, 2020
1:28 PM