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Why would my taxes due increase if I received a message saying that I don't owe extra tax on this money?

 
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AnnetteB
Intuit Alumni

Why would my taxes due increase if I received a message saying that I don't owe extra tax on this money?

That sounds like a message that you would see after entering a Form 1099-R for an early distribution from a retirement plan or IRA. 

The key word is 'extra' tax.  Unless the distribution was from your contributions that were made to a Roth IRA or the distribution was rolled into another retirement account, then you will owe income tax on the distribution, you just may not be subject to the extra 10% early distribution penalty.  The amount of the distribution will be added to your other income and it may increase your balance due or decrease your refund. 

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