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February 15, 2025
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WHY IS THE REQUIRED AMOUNT OF DISTRIBUTION AFTER 73 TAXED

  • February 15, 2025
  • 1 reply
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IF THE RMD IS TAXED , WHY WOULD I NOT GET THAT BACK
    Best answer by xmasbaby0

    I PAID TAX ON THE RETIREMENT MONEY ALREADY

    You had tax withheld from the distributions from the retirement account, just like when an employer withheld tax from your paychecks.  When you enter it all into the software, the calculations are done to reconcile the amount of income you received and the amount of tax that was withheld.  You might owe more or you might get a refund.

    1 reply

    xmasbaby0Answer
    Employee
    February 15, 2025

    I PAID TAX ON THE RETIREMENT MONEY ALREADY

    You had tax withheld from the distributions from the retirement account, just like when an employer withheld tax from your paychecks.  When you enter it all into the software, the calculations are done to reconcile the amount of income you received and the amount of tax that was withheld.  You might owe more or you might get a refund.

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**