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Marvin,EA
Marvin,EA, Enrolled Agent
Category: Tax
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Experience:  Enrolled to Represent Taxpayers Before The IRS
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I am medically retired at age 60. what are the tax consequences

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I am medically retired at age 60. what are the tax consequences of taking a $6000.00 withdrawel from my 457 account with the state of mi. for dental work. I now live on ssd
Submitted: 7 years ago.
Category: Tax
Expert:  Marvin,EA replied 7 years ago.
Hello and thank you for using Just Answer. What other income do you receive beside SSI?
Customer: replied 7 years ago.
small pension $749.00 per month
Expert:  Marvin,EA replied 7 years ago.

If your filing statues is single your federal income tax will be $564.00.

 

The amount of Minnesota tax will be $794.00. You may be eligible for Minnesota's property and rental credit if you pay property tax or rent.

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