2006-06-16 03:50:23 · 3 answers · asked by dd83003 1 in Business & Finance ➔ Personal Finance
I was told by my benefits center that I would have around 7,000 after federal taxes taken. How much should I put aside for taxes on state?
2006-06-16 04:02:47 · update #1
Pay an estimated amount early with Ma. or you will get hit with penalties for being late. And, by the way, you will also owe the Feds a 10%penalty for withdrawing before the age of 59. Why not roll it to an I.R.A. and you will have the whole $9,000.
2006-06-16 04:08:56 · answer #1 · answered by Irish 7 · 0⤊ 0⤋
General there is a 10% penalty. You will have to show that as income for the year you withdraw from it. Hope this helps you my friend.
2006-06-16 10:55:49 · answer #2 · answered by buckeye45694 4 · 0⤊ 0⤋
If you walk away with $4K, you'll be lucky.
2006-06-16 10:53:45 · answer #3 · answered by Jet 6 · 0⤊ 0⤋