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February 27, 2025
Question

Taxes on IRA distributions

  • February 27, 2025
  • 1 reply
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I'm 70 and file as Single.  I'm getting Traditional IRA distributions and the federal taxes are being paid each month.   I usually don't owe much to the State of California on taxes.  Am I required to pay  California State taxes from the distributions each month or can I wait until I do my taxes in 2026 to pay any California Taxes due?

    1 reply

    February 27, 2025

    If your California tax is less than $250, you can wait and pay it when you file your tax return. Otherwise, you may get a penalty for not paying it in at least quarterly.

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