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?
You'll need to sign in or create an account to connect with an expert.
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.
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.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Bundy123
New Member
cthomp29
New Member
texan66530
New Member
zman1009us
New Member
anonymouse1
Level 4