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New Member
posted Jun 6, 2019 6:50:36 AM

How much, over the 10%, should I save for taxes on a 401k hardship withdrawal for $50,000?

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1 Best answer
Intuit Alumni
Jun 6, 2019 6:50:38 AM

The financial institutions usually withhold 25% for federal taxes when they make an early distribution.

1 Replies
Intuit Alumni
Jun 6, 2019 6:50:38 AM

The financial institutions usually withhold 25% for federal taxes when they make an early distribution.