I have a few questions for you:
Have you had your Roth for more than 5 years? What is your age?
The rules for Roth withdrawals are that you can take out the principal and not pay taxes if it has been in the account for over 5 years. Any withdrawals that are more than the principal, could be taxed and there then could be a penalty as well. (10%)
If you are 59.5 years or older, there are no restrictions.
As far as the withholdings, you will get any extra withholdings back when you do your taxes in 2024 for year 2023.
The above is just a simple response and I recommend you click this link to see exactly what the IRS says about your situation:
https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-iras-distributions-withdrawals
This link might be easier to understand because it is from Intuit:
https://blog.turbotax.intuit.com/retirement/roth-ira-withdrawal-rules-and-penalties-53233/
Please let me know if you found this helpful!!
KatherineS63
