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A retired civil service under FERS and 401K managed by the
Hello. I am Sam Zadeh a retired civil service under FERS and 401K managed by the TSP. I am 67 years old and took a partial withdraw from my 401K. They held 20% for tax. Is my partial withdraw going to… read more
Barbara
Barbara
Enrolled Agent, Paralegal
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I am 68 years old on social security and draw a pension,
I am 68 years old on social security and draw a pension, totaling approx $28500 fy 2018. I have approx $18000 in IRA and $4100 in SEP acct. If I withdraw total, what would I pay in Fed and state tax w… read more
Barbara
Barbara
Enrolled Agent, Paralegal
9,751 satisfied customers
I withdrew a lump sum from my tsp, I was taxed 20% of that
I withdrew a lump sum from my tsp, I was taxed 20% of that money and was given the remainder, I live in Ga. will I have to pay another 20% in state taxes because of my tsp withdrawal. … read more
Rick
Rick
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611 satisfied customers
I didn't withdrawal the funds I wanted to from my inherited
I didn't withdrawal the funds I wanted to from my inherited TSA in 2018. I did take my required disbursement for 2018. I wanted to withdrawal the last $20,000 in the tax year 2018. I currently live in… read more
Alexander Efros
Alexander Efros
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If I left federal service with 24 years (53 years old) but
If I left federal service with 24 years (53 years old) but am waiting to draw retirement until I'm 60 years old but I chose to withdraw my TSP account to pay off my mortgage and other debt. Did that w… read more
Lane
Lane
JD, MBA, CFP, CRPS
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How much taxes do California residents pay on out of state
How much taxes do California residents pay on out of state lottery winnings … read more
Barbara
Barbara
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I served in the Navy and have a TSP account. I am separated
Greetings. I served in the Navy and have a TSP account. I am separated and have been for 5 years. I would like to withdraw the funds that have accumulated from the TSP. I am trying to determine the ta… read more
Barbara
Barbara
Enrolled Agent, Paralegal
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We want to withdraw 40,000 from our retirement. We are
We want to withdraw 40,000 from our retirement. We are retired and have an income of 1500 a month. How will this withdrawal affect our taxes … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
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3,815 satisfied customers
In November I took out my Thrift Saving Plan money to buy a
In November I took out my Thrift Saving Plan money to buy a home. I took the whole amount out. they held back 20% for Taxes. which was $78000.00. so this being said when I went to get my taxes done th… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
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I received the bank wire from a gambling website in Costa
I received the bank wire from a gambling website in Costa Rica call bookmaker it is a completely legal site and the money went into my account no problem the website only allows Bank wires over 10,000… read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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I am 46 years old. I was a federal employee years. I
Hello, I am 46 years old. I was a federal employee for 15 years. I contributed to Federal Thrift Savings Plan (TSP) throughout my career. I am now receiving FERS disability retirement and SSD. I am lo… read more
emc011075
emc011075
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Yes, I have a similar question concerning the IRS form 982
Yes, I have a similar question concerning the IRS form 982 where it states "Interest in 401K" I've asked multiple sources and get conflicting answers. I'm a civil service employee and we have the TSP … read more
Mark D
Mark D
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Both my wife and I served on active duty in the Navy and now
Both my wife and I served on active duty in the Navy and now draw pensions. We are also both currently federal employees with the Navy and plan to retire next year. We also have Thrift Savings Plan (T… read more
jgordosea
jgordosea
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Im retired Navy with a 100% combat related, permanent and
I'm retired Navy with a 100% combat related, permanent and total disability rating from the VA and I now have a Federal GS job. I took a (qualified) hardship withdrawal from my TSP in 2012 prior to a … read more
Megan C
Megan C
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I am a federal retiree now living in Puerto Rico with TSP investments
I am a federal retiree now living in Puerto Rico with TSP investments that I want to start to withdraw at 59 1/2 which is 4 months away. For the purposes of Federal taxes and Puerto Rico taxes I have … read more
Barbara
Barbara
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I withdrew $60K from my rollover IRA and had no taxes taken
I withdrew $60K from my rollover IRA and had no taxes taken out. Within a week I determined that I only needed $40K, so I returned $20K. How should that be handeled on the form 1040 so that I am taxed… 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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I had two large jackpot wins, on slot machines, last year ($10,000
I had two large jackpot wins, on slot machines, last year ($10,000 & $8,600.) I didn't keep records of my total gambling 'losses', as I'm new to this & have no idea how to properly do this. Can I esti… read more
Marvin,EA
Marvin,EA
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