Before you take any action on retirement plan distributions, it would be prudent to consult with a tax professional regarding your particular situation. (ufcu.pfyfn.com)
Since they are classified as payments, refundable tax credits can also help offset your self - employment tax and qualified retirement plan distribution tax. (irs.com)
But if you file jointly with a spouse who took retirement plan distributions, you may also have to reduce your contributions by those distributions when figuring the credit. (fairmark.com)