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401K Retirement paid out when I changed jobs and moved from GA to Fl (no income tax state). Do I owe state taxes on this money?

Cashed out my 401K retirement when I left my GA job and moved to FL.  Used a portion of this money to settle in Fl (security deposit/rent /living expenses) until I got a new job.

Since I am now a Fl resident, and FL does not have a state income tax, do I have to pay GA state tax on that 401K payout?

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1 Reply
DavidD66
Expert Alumni

401K Retirement paid out when I changed jobs and moved from GA to Fl (no income tax state). Do I owe state taxes on this money?

It depends on where you were living (your state or residency) at the time you took the distribution.  If you were a Georgia resident, it is taxable by Georgia.  If you were a Florida resident, it is not subject to state income tax.

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