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October 10, 2019
Question

I rolled over money from my 401k to an Traditional IRA and made a withdrawal. Where do I find how much taxes I am paying for..

  • October 10, 2019
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1 reply

October 10, 2019

how much in taxes you'll pay depends on your other taxable income, additional taxes, and tax credits for the year.  taxable income goes up possibly putting you   in a higher bracket.   credits and additional taxes may also be affected.  there should be a section in the program to estimate your 2019 taxes with and without the withdrawal.       there are also some sites that offer  free tax calculations.