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Im 60 years old if i take money from my ira when can i give the irs the tax money?

Forum|Forum|7 years ago
June 4, 2019
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can I wait until I file taxes for that year?

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Best answer by xmasbaby0

If you take a distribution from your IRA you can voluntarily have taxes withheld from the distribution, or you can wait and pay taxes at tax time next year. If you take out a lot, and do not have taxes withheld, you could be subject to an underpayment penalty.

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xmasbaby0Answer

Employee

If you take a distribution from your IRA you can voluntarily have taxes withheld from the distribution, or you can wait and pay taxes at tax time next year. If you take out a lot, and do not have taxes withheld, you could be subject to an underpayment penalty.

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