topic If I paid taxes on my early retirement withdraw at the time i withdrew it why am i being taxed again in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/if-i-paid-taxes-on-my-early-retirement-withdraw-at-the-time-i-withdrew-it-why-am-i-being-taxed-again/01/488482#M45166 Wed, 05 Jun 2019 01:08:32 GMT jefliscr 2019-06-05T01:08:32Z If I paid taxes on my early retirement withdraw at the time i withdrew it why am i being taxed again https://ttlc.intuit.com/community/retirement/discussion/if-i-paid-taxes-on-my-early-retirement-withdraw-at-the-time-i-withdrew-it-why-am-i-being-taxed-again/01/488482#M45166 Wed, 05 Jun 2019 01:08:32 GMT https://ttlc.intuit.com/community/retirement/discussion/if-i-paid-taxes-on-my-early-retirement-withdraw-at-the-time-i-withdrew-it-why-am-i-being-taxed-again/01/488482#M45166 jefliscr 2019-06-05T01:08:32Z The amount of your distribution is subject to both income... https://ttlc.intuit.com/community/retirement/discussion/the-amount-of-your-distribution-is-subject-to-both-income/01/488489#M45168 <P>The amount of your distribution is subject to <I>both income tax and a 10% penalty for withdrawing early.</I></P><P>When you withdrew from your retirement, and&nbsp; you elected to have tax withheld, if it wasn't enough to cover what your tax would be when you added the distribution to your other income and the penalty, you would owe more tax.<BR /></P><P>Many times, people only have the 10% withheld, and don't consider that the distribution is going to increase their income tax.</P> Wed, 05 Jun 2019 01:08:33 GMT https://ttlc.intuit.com/community/retirement/discussion/the-amount-of-your-distribution-is-subject-to-both-income/01/488489#M45168 IsabellaG 2019-06-05T01:08:33Z