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Level 1
June 5, 2019
Question

Took a partial ira distribution with taxes with held, why did it drop my refund by $1015?

  • June 5, 2019
  • 1 reply
  • 3 views
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1 reply

Alumni - Champ
June 5, 2019

Sounds like not enough was withheld.

Also, any increase in income can make more of your Social Security benefits taxable, and/or reduce some deductions (such as Medical) or credits (such as EIC).