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Retirement tax questions
you only had to take out $542, but you took out $700 which is more than sufficient.
line 22 must therefore be zero
Line 24 is not zero only if you started a new excess.
Otherwise, Line 24 should be zero and your penalty should be zero.
if you paid an unwarranted penalty on your filed 2024 tax return , then amend to get it back.
May 5, 2025
6:48 PM