topic Should I be going from $880 refund to owing $577 just by adding $5892 in early pension payments? in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/should-i-be-going-from-880-refund-to-owing-577-just-by-adding-5892-in-early-pension-payments/01/721087#M68948 <P>this would mean I'm being taxed 24.7% on my retirement payment.<BR /></P> Thu, 06 Jun 2019 15:06:17 GMT patrickjmill 2019-06-06T15:06:17Z Should I be going from $880 refund to owing $577 just by adding $5892 in early pension payments? https://ttlc.intuit.com/community/retirement/discussion/should-i-be-going-from-880-refund-to-owing-577-just-by-adding-5892-in-early-pension-payments/01/721087#M68948 <P>this would mean I'm being taxed 24.7% on my retirement payment.<BR /></P> Thu, 06 Jun 2019 15:06:17 GMT https://ttlc.intuit.com/community/retirement/discussion/should-i-be-going-from-880-refund-to-owing-577-just-by-adding-5892-in-early-pension-payments/01/721087#M68948 patrickjmill 2019-06-06T15:06:17Z Yes, probably.  That's also (probably) 14.7% income tax a... https://ttlc.intuit.com/community/retirement/discussion/yes-probably-that-s-also-probably-14-7-income-tax-a/01/721092#M68949 <P>Yes, probably.&nbsp; That's also (probably) 14.7% income tax and 10% early (before age 59.5) distribution penalty.</P> Thu, 06 Jun 2019 15:06:18 GMT https://ttlc.intuit.com/community/retirement/discussion/yes-probably-that-s-also-probably-14-7-income-tax-a/01/721092#M68949 Hal_Al 2019-06-06T15:06:18Z