I was out of work from January through August of last year and lived off of draws against my retirement funds instead of drawing unemployment - which wouldn't have covered me anyway.
Now the IRS wants me to pay taxes on the money (I'm okay with and planned for this) that I drew out... PLUS 10% more as a penalty for using my retirement funds to live (NOT okay with the extra 10%).
It's the law but makes no sense to me.
Now the IRS wants me to pay taxes on the money (I'm okay with and planned for this) that I drew out... PLUS 10% more as a penalty for using my retirement funds to live (NOT okay with the extra 10%).
It's the law but makes no sense to me.