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Here are 13 states that won't tax your Social Security, 401(k), individual retirement account (IRA), or pension income. A map of the U.S. overlaid with $100 bills. Image source: Getty Images.
In other cases, pre-tax deductions only delay your tax obligations — 401(k) contributions, for example, are taxed when you begin making withdrawals in retirement later down the road.
Any 401(k) withdrawal that occurs before age 59 1/2, however, may be subject to an additional tax and a 10 percent penalty. Roth 401(k): Contributions are made with after-tax dollars, meaning you ...
An after-tax 401(k) allows savers to put after-tax money into a 401(k) account, and that money can grow on a tax-deferred basis until retirement. When it comes time to take a distribution ...
All 27 states below, plus the District of Columbia, currently treat IRA and 401(k) withdrawals as regular taxable income even if you've already reached your full retirement age and are officially ...
Withdrawal rules differ for a Roth 401(k). A Roth 401(k) is funded with post-tax money, unlike a traditional 401(k) made with pre-tax contributions. For a Roth 401(k), you can withdraw money ...
Your employer may allow you to make after-tax 401(k) contributions. These are not tax-deductible like your regular 401(k) contributions, but you can make after-tax deferrals beyond the annual 401 ...
However, the total contribution limit, which includes employer contributions (and after-tax contributions, if your employer offers that feature), has increased to $70,000 in 2025, up from $69,000 ...