Form 1099-R gross distribution 99,950.00, federal income tax withheld 19,990.00, California state income tax withheld 1,999.00. Is state withheld money too short?

sergiovaldez2001 · ‎June 3, 2019

My federal numbers are ok but not state which I have to pay little bit more than 4,000.00

MinhT · ‎June 3, 2019

You had 20% of federal tax withheld but only 2% of state tax withheld on your distribution. As the maximum state tax rate in California is 12.3%, it is certain that the state tax withheld was too short and you have state tax due.

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MinhT · ‎June 3, 2019

You had 20% of federal tax withheld but only 2% of state tax withheld on your distribution. As the maximum state tax rate in California is 12.3%, it is certain that the state tax withheld was too short and you have state tax due.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Form 1099-R gross distribution 99,950.00, federal income tax withheld 19,990.00, California state income tax withheld 1,999.00. Is state withheld money too short?