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Submitted 258 days ago...

kennethlee12

New User (1)

INCOME TAX NOT WITHHELD

I received a retro active retirement direct deposit into my checking account for $1,610.00 but no taxes were withheld so what percent or how much I should I hold out for Income Tax purposes when filing next year?

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Submitted 254 days ago...

ldsch

Expert (673)

The general rule is to set aside 20 percent of the amount you received. Your total income tax will of course depend on your total income.

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