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lasashalucky1964
New Member

Do I pay more taxes on the distribution I took.

I was fired from my job in July 2019 and I also turned 55 in Oct 2019. I took a distribution from my Federal Thrift Savings account and paid a 10% penalty fee.  Do I have to pay more taxes on this money that I took to survive on until I found another job, which I haven't found yet.

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