JustBill
New Member

QUESTION about my tax bracket

i am 64 was laid off. Still going to find another job. I have a mortgage on a townhouse i own. I owe $200k , if i pay that off from an IRA i think that will be seen as an income. will i pay the tax rate for fed and state as i did when i had a job or will that put me in a whole new higher tax bracket like i am making $200k a year.