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August 22, 2024
Question

401k withdrawl state tax

  • August 22, 2024
  • 2 replies
  • 0 views

I am going to withdraw 401k.

I am NOT a US person and living in my home country for last 5 years.

 

Do I need to pay any state tax on withdrawl ? And if yes for which state?

2 replies

Employee
August 22, 2024

You are not taxed by any state. 
https://www.law.cornell.edu/uscode/text/4/114

 

PeyushAuthor
August 22, 2024

Thanks much for the quick response.

should i fill N/A in the 401k Cash Withdrawal form against "State of Legal residence for tax purposes"
or something else

 

Regards,

Peyush.

Employee
August 22, 2024

That should work.