Received all the tax filing paper work the last weekend of January and decided to enter the information into Turbo Tax and maybe go over it again in a few days. Once finished, went ahead and filed on January 27th - thought perhaps I should try and beat the next government shutdown in February. The Feds didn't accept any returns until January 29th, so my return waited in the queue.
I'd done my first withdrawal from retirement savings in the 2 years since retiring ($25,000 from my 457). $5,000 was withheld for federal taxes at the time of the withdrawal. I'd been withholding ample taxes this year, worried that might have to pay. Ended up getting a refund of about the same amount as the $5,000 withholding.
Was checking to see how much the new tax bill passed in December were going to impact our monthly income (one small pension and my DW still works part time).
Noticed our savings account was larger than I thought and looked at it and saw the refund had already hit. One week - that has to be a new record for processing a federal refund!
I'd done my first withdrawal from retirement savings in the 2 years since retiring ($25,000 from my 457). $5,000 was withheld for federal taxes at the time of the withdrawal. I'd been withholding ample taxes this year, worried that might have to pay. Ended up getting a refund of about the same amount as the $5,000 withholding.
Was checking to see how much the new tax bill passed in December were going to impact our monthly income (one small pension and my DW still works part time).
Noticed our savings account was larger than I thought and looked at it and saw the refund had already hit. One week - that has to be a new record for processing a federal refund!