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Message
re: 401K fees & taxes
Posted on 1/25/24 at 11:25 am to Tiger9376
Posted on 1/25/24 at 11:25 am to Tiger9376
quote:
Had a call with the company this am to inquire and it is immediate 20% Fed tax payment. Then at tax time fed taxes and 10% early withdraw fee.
Like all withholding, the 20% goes toward what you will eventually calculate to owe when you file your tax return.
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