SeniorEv
New Member

Retirement tax questions

for 2022, I paid very little federal taxes as SS was my only income and didn't go beyond the standard deduction. That's why I want to know if I withdraw the money from my 401k this year, I will have 7600 in my federal tax liability if I do not pay the withholding at the time of withdrawal and I want to offset it against that 7500. Thus I would only pay 100 dollars in tax due?