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Penalized for early deductions in wrong year.
I made early withdraws from my retirement accounts in 2024. There was a question on my return asking if I made returns between January 1, 2024 and the April 15th due date. When I entered the amounts, my refund went down by 300 dollars. I thought I wasn't supposed to pay the penalties until next years 2024 taxes? Why is my refund lower?
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‎April 15, 2024
3:29 AM