Since FICA is taken out while contributing towards 401(K), do I need to pay FICA at retirement or during early withdrawal?
What all taxes do I need to pay other than Federal, State and County taxes?
Thanks.
Since FICA is taken out while contributing towards 401(K), do I need to pay FICA at retirement or during early withdrawal?
What all taxes do I need to pay other than Federal, State and County taxes?
Thanks.
No FICA needed for 401k distrubutions. Each state and local taxing agency has its own rules.
Have something to add? Share your thoughts — no account required.
Ask the community — no account required