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jan-datin
New Member

Do I need to pay tax on money I took out from my retirement plan while I was unemployed?

 
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BobB7
New Member

Do I need to pay tax on money I took out from my retirement plan while I was unemployed?

Well, it's taxable.  Since you were unemployed it may be taxable in a lower bracket than you are usually in, but they still probably didn't take enough withholding so you will probably owe some tax.

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BobB7
New Member

Do I need to pay tax on money I took out from my retirement plan while I was unemployed?

Well, it's taxable.  Since you were unemployed it may be taxable in a lower bracket than you are usually in, but they still probably didn't take enough withholding so you will probably owe some tax.

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