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June 3, 2019
Question

I paid 20% taxes on 401k withdrawel, am I entitled to any of this 20% back when I file?

  • June 3, 2019
  • 1 reply
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1 reply

Employee
June 3, 2019
You get a credit for the withholding when you file your tax return, similar to the credit you get for withholding on a W-2.  It reduces the amount of tax you owe or increases your refund.