- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
If you don't owe the 10% early withdrawal penalty the IRA distribution increased your total income and the tax withholding was not enough to cover the increase in tax. And by increasing your income it may have reduced any credits you qualified for like the EIC. By adding more income it can change many items on your tax return not just that one item.
‎January 18, 2022
9:17 AM