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patrickjmill
New Member

Should I be going from $880 refund to owing $577 just by adding $5892 in early pension payments?

this would mean I'm being taxed 24.7% on my retirement payment.

1 Best answer

Accepted Solutions
Hal_Al
Level 15

Should I be going from $880 refund to owing $577 just by adding $5892 in early pension payments?

Yes, probably.  That's also (probably) 14.7% income tax and 10% early (before age 59.5) distribution penalty.

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1 Reply
Hal_Al
Level 15

Should I be going from $880 refund to owing $577 just by adding $5892 in early pension payments?

Yes, probably.  That's also (probably) 14.7% income tax and 10% early (before age 59.5) distribution penalty.

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