u/Wrong-Dance-9570

▲ 4 r/401K

Hello! I did a total withdraw of my 401k from my previous job for a total amount of ~$29k. I had about $6k of the penalty taken out with left me at a little under $23k. I did take about $2k out of that amount and saved it for when I owe next year. How much am I anticipated to owe on my taxes for 2026?

I work a full-time job making about $37k and I own a business which does about $120k per year. I don’t know if I’m gonna be taxed on what I took out or what I make per year. Thanks!

reddit.com
u/Wrong-Dance-9570 — 10 days ago