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When we withdrew our 401k early, we already had our penalty amount withheld plus the 10%. Why am I getting taxes another 10% on top of the 20% I already paid?
I withdrew 10,389.49 from my 401k. They withheld 2,077.90-10% penalty plus the 10% taxes. Turbotax is also telling me that it's a 10% tax...I'm just confused.
‎January 16, 2025
7:40 AM