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Teresaheidt1
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How much will I be taxed if I take out money from my 401k

 
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‎May 28, 2020 7:00 PM
last updated ‎May 28, 2020 7:00 PM
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macuser_22
Level 15
Level 15

How much will I be taxed if I take out money from my 401k

Impossible to say since that is taxed as ordinary income, so it is taxed at whatever your margional tax rate will be, based on all of your income.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎May 28, 2020 7:02 PM
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