Mulitple life changes this year

tanya_morin — Tue, 24 Feb 2026 07:35:54 GMT

How will these circumstances would change my tax refund or what I owe? In 2023, I started a new job, withdrew from my 401k, got married and moved. Thank you

Re: Mulitple life changes this year

Katherine S 63 — Wed, 25 Oct 2023 17:56:31 GMT

Great question!!

I am going to assume a few things:

If you are under the age of 59 1/2 and took money out of your 401K, you will be taxed on that withdrawal and the might be a 10% penalty on your federal return and another penalty on your state return.

There are some exceptions to that penalty: $10000 used for first time home purchase is one. Here is more information on 401K withdrawals:

https://turbotax.intuit.com/tax-tips/retirement/an-early-withdrawal-from-your-401k-understanding-the-consequences/L0M8yJMYS

If you got married then you will file Married Filing Jointly. This will raise your standard deduction to $27,700.

When you say that you moved, did you sell a home? Did you move to another state? I am not exactly sure so please post another question with just that issue.

Please give me a thumbs up if this was helpful.

Katie S.

topic Re: Mulitple life changes this year in Get your taxes done using TurboTax

Mulitple life changes this year

Re: Mulitple life changes this year