topic 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? in Retirement tax questions

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 — Mon, 03 Jun 2019 17:22:47 GMT

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

You had 20% of federal tax withheld but only 2% of state...

MinhT — Mon, 03 Jun 2019 17:22:48 GMT

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.