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Federal Taxes not taken out of my retirement distribution
After recently retiring I thought my 401k distribution was setup to take out Federal taxes, but I just recently discovered that zero Federal taxes were paid because my tax status was mistakenly listed as single with no dependents. Now Turbotax shows that I own a couple of thousands of dollars in taxes. Do I have to bite the bullet and pay the tax, or is there another option?
Thanks in advance for your help,
‎February 22, 2023
10:39 AM