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D
dag031550
March 9, 2025
Question

401 K Withdrawal

  • March 9, 2025
  • 1 reply
  • 0 views

In July I moved from SC to TX.  After the move, I established residence in TX and then made a 401 K withdrawal.    Can SC only tax money made before the move?  

    1 reply

    M
    MinhT1
    March 9, 2025

    Retirement income is taxed by your legal tax of residence at the time you receive it.

     

    Therefore your 401(k) withdrawal is not taxed by South Carolina. Texas has no state tax.

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