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Retirement tax questions
The tax withheld from your 401k withdrawal was only an estimate of tax owed. If it was an early withdrawal you are subject to a 10% penalty; the money you took out is also subject to ordinary income tax when combined with your other income.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎June 4, 2019
6:26 PM