IRA Distribution Taxed to High by TurboTax

[goldbat1]

I'm 69 yrs old, I made a traditional IRA distribution of 50K and I did not pay federal tax at the time of withdrawal.

I am in the 12% tax bracket.  I entered my 1099R and turbotax immediately charged me 20% tax.  Where do I go to fix this in turbotax?

[VolvoGirl]

Sorry the tax is based on all your income.   If you take a Withdrawal it is taxable on your return and may push you into a higher tax bracket and more income can reduce or eliminate some credits you may qualify for and may make more of any Social Security or SSDI taxable.

[goldbat1]

Where in turbotax can I go to see what bracket I was moved into?

[fanfare]

@goldbat1 

You'll have to google it.

If you  are Single and were right on the edge of 12%, you move to 22% on that IRA withdrawal.

TurboTax knows how to calculate your tax. That's what you're paying for.

You're probably paying tax on a portion of Social Security now.

Thank Reagan for that one.