Will standard deduction (12,200 $ Single for 2019) apply to a 401(k) withdrawal? For example, if I withdraw 50,000$, will my taxable income be 37,800$ (50000-12200 = 37800$), and thus put me in the 12% tax bracket (again Single) instead of 22% (the withdrawal amount of 50000$ falls in the 22% bracket). Thanks!
