The total gross amount of the 401k was only $901.74 as I was only with this employer for 6 months.
From a quick Google search I can see why they sent me the check but now what do I do with it? According to the stub it appears they already took $180.35 for federal taxes, and my state took $4.52
So am I still going to have to pay a tax penalty during this upcoming or next tax season? How much is the penalty?
And this is a stupid question but how do I get this money back into my current employer's 401k or a new ira, to avoid a tax penalty?
Never had this happen before so any advice appreciated. Thank you.
Submitted November 27, 2021 at 07:11AM by swampler22 https://ift.tt/3FRnlw5
