RobertB4444
Expert Alumni

After you file

Whether you pull the money out or not doesn't matter.  You earned it and you own it and have the right to spend it whenever you want.  So it is taxable.

 

$900 on $4853 is about 18.5% which says that you have earned enough to be in the 22% tax bracket.  Earnings in that bracket increase taxes at a higher rate.

 

@v-harris1 

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