Taxes were taken out of the QDRO before they paid out. Do I have to pay additional taxes on the remainder of the money?

Asked over 2 years ago - Hutto, TX

I recieved 30k from my ex's retirement as part of a QDRO. Before I recieved the payout they took 6700.00 for taxes, Do I have to pay taxes on the remaining amount?

Attorney answers (2)

  1. Henry Daniel Lively

    Contributor Level 20

    1

    Lawyer agrees

    Answered . This is a withholding amount. You need to file your taxes, include this income, and this withholding to determine if you owe any additional taxes. It is like withholding on a paycheck -- it is just an estimated amount.

    Any individual seeking legal advice for their own situation should retain their own legal counsel as this response... more
  2. Christopher Michael Larson

    Contributor Level 19

    1

    Lawyer agrees

    Answered . It sounds like they are taking the taxes out now. They are not going to tax the same amount twice if that is what you are asking.

    Christopher Larson
    Insight Law
    www.insightlawfirm.com

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