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June 1, 2019
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Do I have to claim money that I paid into my current 401K as income?

  • June 1, 2019
  • 1 reply
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Since I am currently putting a % of my check into my 401k and my company matches up to a certain % and I am not to the age of withdraw and I have not borrowed against my 401k, do I have to claim any of the money in my 401k as income right now?

Best answer by RachelW33

No, you do not need to claim any of the money in your 401(K) as income right now.  This money won't be taxed until you withdraw it.

1 reply

RachelW33
Alumni - Expert
RachelW33Alumni - ExpertAnswer
Alumni - Expert
June 1, 2019

No, you do not need to claim any of the money in your 401(K) as income right now.  This money won't be taxed until you withdraw it.

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