sdmays1
Returning Member

Retirement tax questions

Margaret, I am not understanding block 12b code D.  My adjusted gross income was less than 1% of 2018, taxable income was only 0.07% increase income tax was almost the same, but 12b code D value increased my total tax after credits by almost $27%, increasing my balance due by over 346%.  Is there something wrong with the program, or do I not put anything in 12b for 401k?