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Retirement tax questions
And when you enter one taxable transaction, you can't just watch the monitor. You increased your overall adjusted gross income and with that come many other changes in your return, not just the incremental tax on the one transaction.
Sounds like you didn't have enough withholding taken out. We have a progressive tax system. The more income you have the higher the tax rate is. And by increasing your income you may have lost some credits.
‎February 27, 2021
4:30 PM