I withdrew $7500 from my RSP in 2014. They held back 20% tax at that time ($1500). When i plug the numbers into turbo tax it takes an additional $1500 off of my tax return. If I assume that withdrawl is added to the top portion of my income then I should be paying 26% tax on it. By my math I should be paying an additional $450 not $1500. Can someone shed some light?
s---tax
New Member
kassia_almeida
New Member
JD60Buyer
New Member
avab881588
New Member
selenam-97
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.