Depending on what type of IRA you have, (Roth or Traditional IRA)-
Withdrawals from a Roth IRA are tax free as long as you are 59 ½ or older and your account is at least five years old.
Withdrawals from traditional IRAs are taxed as regular income, based on your tax bracket for the year in which you make the withdrawal.
-follow this link for additional information-
Retirement Plans FAQs regarding IRAs Distributions ...
