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 Levine, Jacobs & Company, LLC, Senior Member Discusses Taxes on 401(k) Withdrawals- Levine, Jacobs & Company, LLC, Senior Member Discusses Taxes on 401(k) Withdrawals
- October 27, 2022
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Michael H. Karu, CPA/CFF explains how living in a different state affects taxes on 401(k).
Michael H. Karu, CPA/CFF, Senior Member, Levine, Jacobs & Company, LLC., was highlighted on NJ.com for providing clarity on the impact of one’s residency status affects state and federal taxes regarding their 401(k).
In the article, Karu discussed if a New Jersey couple retires and moves to Florida, would they have to pay taxes on their 401(k) and should taxes be filed separately to prevent ‘IRS red flags’.
Karu stated, “Withdrawals from a 401(k) will be federally taxable regardless of ...
- View more at: https://www.1888pressrelease.com/levine-jacobs-company-llc-senior-member-discusses-taxes-pr-714006.html
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