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You will owe regular income tax, which can be between 10%-39% depending on your other income. You will also owe a 10% penalty. Any withholding at time of withdrawal is only an estimate. The actual tax due is calculated on your tax return, and if you did not have enough withheld you will have to pay more; if too much was withheld you get it back as a refund.
Don't forget state income tax as well.
You will owe regular income tax, which can be between 10%-39% depending on your other income. You will also owe a 10% penalty. Any withholding at time of withdrawal is only an estimate. The actual tax due is calculated on your tax return, and if you did not have enough withheld you will have to pay more; if too much was withheld you get it back as a refund.
Don't forget state income tax as well.
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