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New Member
posted Feb 2, 2021 9:59:54 PM

Why am I being taxed $3000?

Why am I being taxed so much on taking money out of my retirement plann

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2 Replies
Level 15
Feb 2, 2021 10:02:51 PM

The gross amount may have pushed you into a higher tax bracket.  Did you have any withholding taken out?

New Member
Feb 2, 2021 10:16:36 PM

I had an early withdrawal from my 401k but it doesn’t add up.