401 K withdrawal will affect my tax refund?
Asked by: jmlcpl
I left my job about 6 months ago and my new job doesn’t have 401 K plan so the money I saved its been sitting on the account for all this time. I’m thinking about taking the money out and close the account knowing there will be penalties and will only get half of the money but will this affect my income tax refund? Or what other penalties come with it? Thanks in advice
How others found here:
- How Does 401k Affect Taxes
- how does cashing out a 401k affect your taxes
- 401k effect on taxes