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WHY AM I PAYING ADDTL % ON 401K DISTRIBUTION IF I ALREADY PAID 20%?

 
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WHY AM I PAYING ADDTL % ON 401K DISTRIBUTION IF I ALREADY PAID 20%?

The amount you paid when you took the distribution was an estimate.  When you combine it with your other income, you could owe additional tax.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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WHY AM I PAYING ADDTL % ON 401K DISTRIBUTION IF I ALREADY PAID 20%?

The amount you paid when you took the distribution was an estimate.  When you combine it with your other income, you could owe additional tax.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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