Yes.
Taxes withheld from your withdrawal are only an advance payment of taxes. Any surplus/shortage will be settled on your tax return.
If you withdrew from your 401(k) account in 2023, you will receive a form 1099-R. On that that form 1099-R, taxes withheld will show in box 4 for Federal tax and box 14 for State tax. You'll have to enter that form 1099-R on your tax return.
The taxes which were withheld will serve as a credit towards your total tax liability.
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