Welcome! | Ask A Question

 
 
 
 
Question

Asked 9/20/2010

Does tennessee charge taxes on 401k

I am moving to tennessee. i will withdrawning my 401k. i was wanting to know what taxes that are charged for that in tennessee

 
 
 
 
 
Answers

Answer 1/1 - Submitted 6/4/2011

No state tax is charged on retirement income. However, there is higher sales tax including grocery tax in Tennessee that should be considered.

 
 
 
 
Answer This Question Now

Type your Answer in the box below and post your answer.

Learn more about how this works

 
 
 

Related Questions (Ask a New Question)

 
401k taxes when living abroad

A former employee left the company about 6 years ago and went to live in the uk. he is retired and does not pay us taxes, he was born in 1940. he now wants to terminate his 401k but is reluctant to pay federal taxes if he can help it. what would be the best way to do it either 1) take out...

See Answers

 
By mistake my 401k was sent to a savings accout .they with held taxes and i want to move it to my new 401k will i be pentaliz

By mistake i had my old 401k sent to a savings account. it is within 60 days, the old 401k took out taxes and i wan to move it into my new 401k will i be pentalized next year?

See Answers

 
The value of my 401k was $1,577.00. i closed out my 401k and only received $624.00 before taxes. can your employer take over

I was added to my company 401k. two months later i left this job. finally, 5 months later i received my 401k statement. the total was $1,577.00. i opted to close it out since i didn't have anywhere to roll it over too. my check was $624.00 before taxes. can they make you pay 2/3 penalty for closing...

See Answers

 
Related Questions

401k taxes when living abroad


A former employee left the company about 6 years ago and went to live in the uk. he is retired...

 

By mistake my 401k was sent to a savings accout .they with held taxes and i want to move it to my new 401k will i be pentaliz


By mistake i had my old 401k sent to a savings account. it is within 60 days, the old 401k...

 

The value of my 401k was $1,577.00. i closed out my 401k and only received $624.00 before taxes. can your employer take over


I was added to my company 401k. two months later i left this job. finally, 5 months later...

 

Taxes on 401k


Say i have 42000 in my 401k and want to pull it out cuz i am being laid off due to the nafta...

 

I am 64 and considering rolling over my 401k to a roth ira. is this a good idea and what are the sticking points?


The 401k amount is $500k can i pay the taxes out of the 401k money? are there tax consequences...

 

401k taxes witholding


If you withdrew from your 401k whos responsiblity is it to withold the 20 percent for taxes?...

 
 

See more 401k questions

 
 
 
 
 

Ask A Question

Ask a new question about
401k: