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My spouse and I make roughly $140,000 together. This is
my spouse and I make roughly $140,000 together. This is before deductions, etc. We own our home and have mortgage interest and stuff to deduct off that. We cashed out a 401K valued at $134,000 and ins… read more
Lev
Lev
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Bachelor's Degree Equivalent
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I am considering taking a hardship withdrawal from my 401K,
I am considering taking a hardship withdrawal from my 401K, what is gross-up and will i be required to pay taxes on this as income? … read more
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I cashed out my 401K so I could put a down payment on our
Hello. I cashed out my 401K so I could put a down payment on our retirement homestead. I want to pay my taxes on it now. What form should I be filling out? … read more
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Mark Taylor
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I would like to share my latest pay stub with someone and
I would like to share my latest pay stub with someone and get a recommendation on what my withholding should be.… read more
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We have just sold our home, we were upside down on our loan.
Hi, we have just sold our home, we were upside down on our loan. We lost over 65 … read more
Lane
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Earlier this year I withdrew 20,000 from my 401k early. I
earlier this year I withdrew 20,000 from my 401k early. I then lost my job and still owe 18,700 in which I now owe taxes on. my tax filing status is M filing seperatly. no state taxes. my question is … read more
Lane
Lane
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I'm trying to update my W-4 exemption because I just bought
I'm trying to update my W-4 exemption because I just bought a house but I'm not sure how to complete it to account for this.… read more
Lane
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JD, MBA, CFP, CRPS
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401k withdrawal last year to buy house (200,000 with 40,000
401k withdrawal last year to buy house (200,000 with 40,000 withheld for tax) age then was 59 1/2+, my tax preparation now says I owe additional 7,000. Turbo Tax says if I redeposit 27,000 into 401k I… read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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I'm planning on taking $20-25,000 out out of my 401k, which
I'm planning on taking $20-25,000 out out of my 401k, which will bring my taxable income next year to approximately $106,000. What percentage should I take out of my withdrawal for federal taxes so I … read more
Lev
Lev
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I would like to rollover my 401k retirement funds to an IRA
I would like to rollover my 401k retirement funds to an IRA account, is there a limit of funds that you can withdraw and should I make the decision as of how much federal taxes should be withheld by t… read more
Lev
Lev
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Hello I recently separated from a company of which I worked
Hello: I recently separated from a company of which I worked for for 3 1/2 years and I had a 401K with that company to go back to school full time for one year. I have also set up an IRA which I inten… read more
Merlo
Merlo
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I cashed in my 401K this year for a total of $40K before taxes. I
I cashed in my 401K this year for a total of $40K before taxes. I had the taxes taken out (both Fed and State) with a Net of $25K. What do I owe in taxes? thanks… read more
Merlo
Merlo
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Husband cashed out retirement plan 3 months ago. The total
Husband cashed out retirement plan 3 months ago. The total amount was 184,000 They withheld 20 percent. We received 145,000. We went to my cpa and mailed a check to pay the state taxes (18,455). My qu… read more
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I have had a rough year, things are better now. I was laid
I have had a rough year, things are better now. I was laid off from my job as DM for a retail chain. I ended being off work for 4 months. I made over $90000 with bonus last year so with 4 months off I… read more
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we cashed out a 401k for $81,000 in may of 2009 and immediately
we cashed out a 401k for $81,000 in may of 2009 and immediately were charged $9000 by the irs for early withdrawl, how much of that would we most likely have to pay back to the irs at the end of the t… read more
Lev
Lev
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What percentage of tax is owed when a hardship withdrawl is
What percentage of tax is owed when a hardship withdrawl is made on a 401k account. Also if I used the money to put into a house does that help with the income tax?… read more
Merlo
Merlo
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I have filed my taxes already, but now Ive been mailed a 1099-R
I have filed my taxes already, but now Ive been mailed a 1099-R form to file (401 K) if I amend my form will end up owing taxes amount was 32,345.36 and they (federal) withheld 6.469.07 I filed my tax… read more
Merlo
Merlo
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I left my job suddenly and need money. I need to ...
I left my job suddenly and need money. I need to withdraw from my retirement and want to know how much I should have the plan withhold for federal and state income taxes? What percentage? Thanks… read more
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Merlo
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