turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Kodyah
New Member

What is the impact on my 2024 taxes for taking a 59 1/2 withdrawal of 100K from my 401K?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

What is the impact on my 2024 taxes for taking a 59 1/2 withdrawal of 100K from my 401K?

Well it will add to your income and push you into a higher tax bracket.  Any withholding you have taken out might not be enough to cover the tax increase so you may want to send in an estimated payment to cover tax.  Federal and state.  

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies