I took out money from 401k to pay my 2015 tax bill...can i claim that amount

raiddog06 — Tue, 04 Jun 2019 01:29:09 GMT

You cannot claim tax bill as a deduction, unfortunately....

MargaretL — Tue, 04 Jun 2019 01:29:11 GMT

You cannot claim tax bill as a deduction, unfortunately. The IRS does not allow it as a deduction, nor does it allow it as an exception to an additional tax penalty if you took your 401K early. And, unfortunately, you must claim money taken out from 401K as income.

You should receive Form 401K for your distribution, please follow steps below for data entry:

Federal Taxes
Wages and Income
Scroll down to Retirement Plans and Social Security
Select IRA, 401(k), Pension Plans (1099-R)

topic I took out money from 401k to pay my 2015 tax bill...can i claim that amount in Retirement tax questions

I took out money from 401k to pay my 2015 tax bill...can i claim that amount

You cannot claim tax bill as a deduction, unfortunately....