I withdrew everything from my 401k, which wasn't much. But it was federally taxed at 20-some percent. Can I expect to see any of that on my tax return this year?

[NancyG · Accepted solution]

Yes, you will get credit on your return for the 20% income tax withheld, similar to the income tax withholding on any wages you earn.

TurboTax will ask about any taxes withheld when you input the 1099-R you receive for the 401(k) distribution.