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401k withdrawl

Featured Replies

4 hours ago, Spartan said:

India vellaka withdraw chesko..

you will only pay 10% penalty... and withdraw less than 25K each year...daniki tax undadu.

this is only if you have GC or citizenship

Only citizenship. You will lose your GC if you move to India

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  • India vellaka withdraw chesko.. you will only pay 10% penalty... and withdraw less than 25K each year...daniki tax undadu. this is only if you have GC or citizenship

  • If you plan to withdraw, do it the next year after you move to India.. as you will not have any income here, you will be in the lower tax bracket.. 

  • Talk to a CPA that understands this.  If you withdraw before 59.5y of age - you will pay 10% penalty AND the withdrawn amount gets added to your income in the year of withdrawal.  India vell

5 hours ago, Spartan said:

yes

standard deduction resident ga file chestene kadaa vachedi. non resident ga file chaste every $ ki tax kattaali I think 

5 hours ago, SaradaChinnodu said:

H1b bro

ok anna don't take it anna, claim it after 55 age

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