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401k calculation seems off
I withdrew my 401k early
I asked the financial institution to withhold 34% for federal tax (24% effective tax bracket + 10% penalty)
Now the software is telling me I need to pay another 10% penalty, that would mean I would be taxed for a total of 44% on my 401k? this doesnt seem right
Topics:
March 11, 2025
12:31 PM