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Deductions & credits
If this is a traditional IRA, you will pay regular income tax on your total income. Depending on your other income, it will likely be 24%.
Because your investment growth is probably more than your mortgage interest rate, it may be more sensible to withdraw a small amount to make a few months worth of payments, and see if you get another job, and leave the rest of the IRA alone and see what happens.
‎November 24, 2020
3:54 PM