dmertz
Level 15

Get your taxes done using TurboTax

Tax withholding is not required on an IRA distribution.  You'll want to review your tax and income situation for 2023 to see if you need to make an estimated tax payment to avoid an underpayment penalty if you would not otherwise satisfy one of the safe-harbors:

 

IRS Tax Topic No. 306, Penalty for Underpayment of Estimated Tax:  https://www.irs.gov/taxtopics/tc306

 

If you would otherwise have a penalty, you can make an estimated tax payment or increase your withholding from other income sources.  Withholding is generally better than an estimated tax payments because with an estimated tax payment you might have to annualize income on Schedule AI of Form 2210 to avoid a penalty, an arduous task.  Unlike an estimated tax payment, tax withholding is treated by default as having been paid equally throughout the year (the same as the default treatment of your income) whereas an estimated tax payment applies on the date it is paid.  (For income received in June, July or August, the estimated payment deadline is September 15).