I moved to Georgia on 11/17/17 and paid GA state income tax for November and December. I have a 401k early withdrawal tax penalty for 2017. Do I have to pay the 10% penalty to GA as well as the income tax on the amount withdrawn from the 401k?
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There is no state penalty for early withdrawal from a retirement account in Georgia. So no, you won't have to pay a 10% penalty.
Whether or not the distribution is taxable in Georgia will depend on when you took the distribution.
There is no state penalty for early withdrawal from a retirement account in Georgia. So no, you won't have to pay a 10% penalty.
Whether or not the distribution is taxable in Georgia will depend on when you took the distribution.
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