answersLogoWhite

0


Best Answer

yes. once you withdraw the money it is taxable as income.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Will drawing on your 401k affect your unemployment in Washington state?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How much is unemployment pay in Washington state?

The Washington State unemployment rate was at 7% as of April 2013. The unemployment rate of Washington, D.C. was at 8.5% during the same month and year.


When drawing unemployment benefits will holidays cause a delay in receiving payments?

No unemployment payments will be made on State and banking holidays.


How much is an interstate unemployment claim in Washington state?

In Washington, you can file for an interstate unemployment claim if you use to work in Washington and was fired or laid off and now live another state. Even though you moved out of state, you will still be paid unemployment benefits through Washington.


Where can one learn about unemployment levels in WA?

There are several websites that list unemployment levels in Washington state. Some of these sites include the United States Department of Labor and Washington State's official website.


How can you find out if someone is drawing unemployment?

Because the information gathered from the employer and claimant by the state's investigator regarding unemployment is confidential, you'd have to ask the claimant himself.


Can I collect unemployment in Washington State while in Alcohol inpatient treatment?

ARKANSAS


What is the maximum unemployment benefits in Washington state?

3.85% or $560


Can unemployment be garnished in Washington state?

Creditors can garnish wages in the state of Washington. However, they first have to go through the court system and get a judgment.


Can you go to prison in Washington state for unemployment fraud?

If it was actually the state government you defrauded, you could be subject to criminal sanctions, yes.


Is there an unemployment extension in Washington state?

Not at the federal level due to it expiring on November 30, but there is a 20 week extension at the state level.


Can you draw both unemployment and disability in Washington state?

You can draw both unemployment and disability in Washington State. There is a limit to the amount of unemployment you can draw without it affecting your disability payments. Each situation is unique.


May i receive ssi and unemployment in New York state?

Ireceive a small social security and ssi amount. If i will receive unemployment benefits will if affect my ssi?