Based on the information you provided it sounds like the additional tax is related to the 10% penalty associated with an early withdrawal.
With a Roth IRA, contributions are not tax-deductible, but earnings can grow tax-free, and qualified withdrawals are tax- and penalty-free. Roth IRA withdrawal and penalty rules vary depending on your age and how long you've had the account and other factors.
There is a penalty for an early withdrawal (before age 59½) from a traditional IRA.
If your employer funded your pension plan, your pension income is also taxable. Both your income from these retirement plans as well as your earned income are taxed as ordinary income at rates from 10% to 37%.
Earnings in a Roth account can be tax-free rather than tax-deferred.
Listed below are exceptions to the penalty-
Generally, anyone can make an early withdrawal from 401(k) plans at any time and for any reason. However, these distributions typically count as taxable income. If you're under the age of 59½, you typically have to pay a 10% penalty on the amount withdrawn.
- Total and permanent disability.
- Unreimbursed medical expenses (greater than 10% of adjusted gross income in 2020).
- Employee separated from service at age 55 or older (age 50 for most public safety employees) but only from the plan at the job you are leaving.
Some 401(k) plans allow participants to take hardship distributions while you are still participating in the plan. Each plan sets its own criteria for what constitutes a hardship, but they usually include things like:
- Medical or funeral expenses
- Avoiding eviction or foreclosure
- The cost of repairing damage to the employee's home
Hardship withdrawals don't qualify for an exception to the 10% early withdrawal penalty unless the employee is age 59½ or older or qualifies for one of the exceptions listed above.
Note in addition:
The CARES Act temporarily waived the 10% early withdrawal penalty on up to $100,000 of withdrawals. To qualify, you had to have been diagnosed with COVID-19 or experienced financial troubles due to the pandemic, such as job loss, quarantine, furlough, reduction in hours, the closing of your business or lack of childcare.
Although the CARES Act waived the 10% penalty, the withdrawals are still taxable as ordinary income. You can spread the taxable income over a three-year period or include the full distribution in your taxable income for 2020. You can also put the money back into your retirement plan within three years and undo the tax consequences by filing an amended tax return.
-for additional information follow these link(s)-
2020 Stimulus: Tax Relief for This Year's Taxes - TurboTax ...
Managing Your Retirement Account and Taxes ... - TurboTax
