Is it true that all withdrawals for a year from an IRA are considered regular income when completing that years taxes? I am 67 years old so they would not be considered early withdrawals.
Example, if for all of 2021 I withdraw a total of $50,000 from my IRA and have no other income to claim (SS, Pension, Dividends, Interest, Gains, etc.) then after standard deductions of $14,250 my taxable income (line 15) would be $35,750 and therefore would be taxed at 12%?
