▲ 1 r/taxhelp
Need advice on Tax penalties
Hi all. I’m 27 in California. I have acquired a good amount of debt over the last 5 years and am considering doing a partial 401(k) withdrawal to assist with that. I currently have a bit more than 38,000 saved. I want to pull about 18,000 out. I know there’s the initial 10% early withdrawals fee but I’m wondering what else I’ll owe to federal and state taxes.
u/marsisliving — 8 days ago