topic Why am I getting double taxed for my partial early retirement withdrawal?John Hancock already took $400 as federal income tax withheld. in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/why-am-i-getting-double-taxed-for-my-partial-early-retirement-withdrawal-john-hancock-already-took/01/729754#M69941 <P>When I put the1099-R into my tax form it took off another 10% penalty.<BR /></P> Thu, 06 Jun 2019 15:59:00 GMT jagphan 2019-06-06T15:59:00Z Why am I getting double taxed for my partial early retirement withdrawal?John Hancock already took $400 as federal income tax withheld. https://ttlc.intuit.com/community/retirement/discussion/why-am-i-getting-double-taxed-for-my-partial-early-retirement-withdrawal-john-hancock-already-took/01/729754#M69941 <P>When I put the1099-R into my tax form it took off another 10% penalty.<BR /></P> Thu, 06 Jun 2019 15:59:00 GMT https://ttlc.intuit.com/community/retirement/discussion/why-am-i-getting-double-taxed-for-my-partial-early-retirement-withdrawal-john-hancock-already-took/01/729754#M69941 jagphan 2019-06-06T15:59:00Z Yoou do get credit for the tax withheld.  It is applied t... https://ttlc.intuit.com/community/retirement/discussion/yoou-do-get-credit-for-the-tax-withheld-it-is-applied-t/01/729758#M69942 <P>Yoou do get credit for the tax withheld.&nbsp; It is applied to the tax resulting from the withdrawal.&nbsp; Since the withholding is only 10%, it generally doesn't cover the full amount of tax.</P> Thu, 06 Jun 2019 15:59:01 GMT https://ttlc.intuit.com/community/retirement/discussion/yoou-do-get-credit-for-the-tax-withheld-it-is-applied-t/01/729758#M69942 BobinCT 2019-06-06T15:59:01Z