topic I withdrew from 401K and selected to have state and federal taxes pulled from amount I withdrew - am I required to pay back over three years? I have a different 401K now in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/i-withdrew-from-401k-and-selected-to-have-state-and-federal-taxes-pulled-from-amount-i-withdrew-am-i/01/2115200#M142903 Both state and federal taxes have been paid on amount pulled. I don't work for that employer who I had the 401K under. Why would I have to pay this back Sun, 21 Mar 2021 00:28:47 GMT aubreyworrell12 2021-03-21T00:28:47Z I withdrew from 401K and selected to have state and federal taxes pulled from amount I withdrew - am I required to pay back over three years? I have a different 401K now https://ttlc.intuit.com/community/retirement/discussion/i-withdrew-from-401k-and-selected-to-have-state-and-federal-taxes-pulled-from-amount-i-withdrew-am-i/01/2115200#M142903 Both state and federal taxes have been paid on amount pulled. I don't work for that employer who I had the 401K under. Why would I have to pay this back Sun, 21 Mar 2021 00:28:47 GMT https://ttlc.intuit.com/community/retirement/discussion/i-withdrew-from-401k-and-selected-to-have-state-and-federal-taxes-pulled-from-amount-i-withdrew-am-i/01/2115200#M142903 aubreyworrell12 2021-03-21T00:28:47Z Re: I withdrew from 401K and selected to have state and federal taxes pulled from amount I withdrew - am I required to pay back over three years? I have a different 401K now https://ttlc.intuit.com/community/retirement/discussion/re-i-withdrew-from-401k-and-selected-to-have-state-and-federal-taxes-pulled-from-amount-i-withdrew/01/2115222#M142904 <P>If it was a COVID related distribution&nbsp; then paying it back to avoid tax is an OPTION.&nbsp;&nbsp;&nbsp; You can pay all the tax in 2020 or elect to pay it in 3 equal parts over 3 years.</P> Sun, 21 Mar 2021 00:34:59 GMT https://ttlc.intuit.com/community/retirement/discussion/re-i-withdrew-from-401k-and-selected-to-have-state-and-federal-taxes-pulled-from-amount-i-withdrew/01/2115222#M142904 macuser_22 2021-03-21T00:34:59Z Re: I withdrew from 401K and selected to have state and federal taxes pulled from amount I withdrew - am I required to pay back over three years? I have a different 401K now https://ttlc.intuit.com/community/retirement/discussion/re-i-withdrew-from-401k-and-selected-to-have-state-and-federal-taxes-pulled-from-amount-i-withdrew/01/2115244#M142905 <P>Can I avoid paying it back all together? I do not want to put this money back into the 401k. I'd rather pay extra tax on it.</P> Sun, 21 Mar 2021 00:41:45 GMT https://ttlc.intuit.com/community/retirement/discussion/re-i-withdrew-from-401k-and-selected-to-have-state-and-federal-taxes-pulled-from-amount-i-withdrew/01/2115244#M142905 aubreyworrell12 2021-03-21T00:41:45Z Re: I withdrew from 401K and selected to have state and federal taxes pulled from amount I withdrew - am I required to pay back over three years? I have a different 401K now https://ttlc.intuit.com/community/retirement/discussion/re-i-withdrew-from-401k-and-selected-to-have-state-and-federal-taxes-pulled-from-amount-i-withdrew/01/2115283#M142910 <P>Of course.&nbsp; Paying it back is a OPTION to reduce tax.&nbsp;&nbsp;&nbsp;</P> <P>&nbsp;</P> <P>Many people cannot pay it back, but Congress gave them that option.</P> Sun, 21 Mar 2021 00:58:18 GMT https://ttlc.intuit.com/community/retirement/discussion/re-i-withdrew-from-401k-and-selected-to-have-state-and-federal-taxes-pulled-from-amount-i-withdrew/01/2115283#M142910 macuser_22 2021-03-21T00:58:18Z