https://ttlc.intuit.com/community/taxes/discussion/re-401k/01/2792111#M1030033 <P>From the information you provided, your only income is from the 401(k) in the amount of&nbsp; $1,500.00.&nbsp; Your standard deduction would reduce that to zero.&nbsp; You should file a tax return to get the amount withheld from your 401(k) withdrawal refunded to you.&nbsp; As far as the Earned Income Tax Credit, you are not eligible as you had no earned income.</P> Wed, 16 Nov 2022 19:44:12 GMT rferreira 1 2022-11-16T19:44:12Z https://ttlc.intuit.com/community/taxes/discussion/401k/01/2791365#M1030032 <P>Hi,</P><P>I am on a fixed income receiving only long term disability of $1,394 taxes are taken out. I closed out the little bit I have had in my 401K through work. Was not much approx. receiving 1,500&nbsp; They did take out the 20% and not addl 10% since i am 61. Will this effect my taxable income and am i able to receive the earned income credit for 2021 also.</P><P>Thank you&nbsp;</P><P>Stella</P> Tue, 10 Mar 2026 06:59:21 GMT https://ttlc.intuit.com/community/taxes/discussion/401k/01/2791365#M1030032 StellaHasson 2026-03-10T06:59:21Z https://ttlc.intuit.com/community/taxes/discussion/re-401k/01/2792111#M1030033 <P>From the information you provided, your only income is from the 401(k) in the amount of&nbsp; $1,500.00.&nbsp; Your standard deduction would reduce that to zero.&nbsp; You should file a tax return to get the amount withheld from your 401(k) withdrawal refunded to you.&nbsp; As far as the Earned Income Tax Credit, you are not eligible as you had no earned income.</P> Wed, 16 Nov 2022 19:44:12 GMT https://ttlc.intuit.com/community/taxes/discussion/re-401k/01/2792111#M1030033 rferreira 1 2022-11-16T19:44:12Z