how much does a 401k withdrawal get taxed
Tax Laws and 401k Plans. The IRS is pretty clear about taxes and 401k plans: If you withdraw money or cash out your 401k, you will pay taxes on it. How much really depends on your individual circumstances. For starters, everyone is in a tax bracket.The tax bracket can be as low as 10% or as high as 35% for those making at least $388,350 and filing as single. That tax bracket is applied to not just your withdrawal amount, but your entire income for that year.ow much really depends on your individual circumstances. For starters, everyone is in a tax bracket. The tax bracket can be as low as 10% or as high as 35% for those making at least $388,350 and filing as single.