Werewolfdad

Werewolfdad t1_jad3var wrote

> What do you mean deposit it should be? I can deposit, say, $1000 if there’s only $790 on the check

You write a check for $1000 to the IRA custodian as an indirect rollover

>Since I already paid taxes on it, what if I just put into my personal Roth IRA and select 2022 roll over?

Then you still pay penalties on the amount withheld

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Werewolfdad t1_jacwimu wrote

> I didn’t realize I was being taxed differently for working at home vs in the office

Yup. That’s the way it’s supposed to be done.

If DC has higher income taxes than VA, it doesn’t actually matter except you have to fill out two state tax returns. You just end up paying whichever has the highest rate

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Werewolfdad t1_jacuq3m wrote

You’re misunderstanding something.

You lived in DC, so you’re income for DC will be your full income. You also worked in Virginia for part of the year (I’m assuming you’re mostly remote?) so you had some income in Virginia as well.

You’ll file taxes in virginia, then file taxes in DC where you’ll get a credit for the taxes paid to Virginia.

See the discussion on reciprocity

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