LinaJ2020
Expert Alumni

State tax filing

This issue is scheduled to be resolved in a product update March 19, 2021.  Please click on the following link to receive an email notification when any updates become available.

 

Not able to e file state return after Federal

 

If you are under age 59 1/2, the distribution from the retirement plans and IRAs is considered as an early withdrawal.  Generally, you will pay both regular tax plus an additional 10% penalty of your entire distribution unless you met certain criteria.  Due to the CARES Act, if your retirement distribution is related the Covid-19, you will not be liable for this additional penalty.  You will still pay the normal taxes like your wages and income.  For more information from the IRS, click here: Covid Relief.  If your distribution is not related to the Covid, you will need to pay the penalty

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