Oh yes. That is considered income and you have to pay taxes on it.
(Understanding that it wasn't taxed when you contributed to it, or as the investment grew).
Yes. The contributions were not taxed the withdrawals are. And are reported by the adminstrator to the IRS
Yes you may! All that is required is a small percent fee for check cashing. You can also get your tax return check immediately. There is no waiting for weeks.
Yes, it definitely does.
Yes
You can check with www.IRS.gov, but it will affect your return. You get better tax bracket treatment and can have higher standard deductions, contributions to various retirement accounts, etc. Filing married has many, many tax advantages! == ==
Yes. The contributions were not taxed the withdrawals are. And are reported by the adminstrator to the IRS
You can cash out your 403b, but expect tax penalties of up to 30% if you are under the age of 59 1/2.
Yes you may! All that is required is a small percent fee for check cashing. You can also get your tax return check immediately. There is no waiting for weeks.
Yes, it definitely does.
No
Yes
dk
Not at all
A 403b retirement plan is offered to employees of certain non-profit organizations as well as educational instituitions. It is a tax deferred program in whcih you let the tax grow deferren until withdrawal.
This should not have any affect on your parents income tax return if you are still their qualifying child dependent on their 1040 income tax return. And of course you do know that if your are their qualifying child dependent that you can NOT claim your self on your own income tax return for the exemption amount when your income tax return is completely correctly.
Inaccurate self employed tax return and auto injury claim should not have any affect on each other for income tax return purposes.
You can check with www.IRS.gov, but it will affect your return. You get better tax bracket treatment and can have higher standard deductions, contributions to various retirement accounts, etc. Filing married has many, many tax advantages! == ==