Thanks for the reply. The 12k 401k withdrawal would bethis year and it automatically deducts 20% in tax leaving a $9600.00 net payment although gross income for 2019 would be $24000.00. Would I be correct in assuming I would have an additional tax bill based on a gross of $24000.00 this year less the $15,000 allowance. Having already had $2400 deducted from the 401k withdrawal my taxable income would be effectively $21,600 less the personal allowance?
Thank you
