@roncarlini wrote:
Turbotax stated-my total tax before any credits was $21,530, which includes $455 in additional tax on IRAs and tax-favored accounts.
But if I calculate taxes based on income it is 21,075 and still don't understand where the 455 is coming from since all proceeds are included in income. Thanks for your help
"additional tax" means a penalty. We can't see your return so we don't know what is happening. Penalties can come from contributing to an account when you are not eligible, or more than you are eligible to contribute; or a withdrawal before age 59-1/2; or withdrawals that are less than your RMD.
