When 401k withdrawals start for me, I see that Federal Income taxes in ESPlanner goes up which I would expect. However, the state income taxes are zero. Why would that be the case? I live in Illinois and I would expect to pay state income taxes on the 401k withdrawals.
I am new to ESP. One of the things I am trying to look at is the tax implications of being a residence of a lower state income tax state. How do I go about changing state of residence? I do not see state listed except on initial setup. Is there a simple way to "clone" my information to a different profile and change state in that one?
Thanks for any help
How does ESPlanner calculate New Jersey State Income Taxes? The amount does not equal the calculator provided by NJ.
Thanks!
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