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Retirement tax questions
For federal tax it could be anywhere between 0% and 22%, depending on your income, filing status (married, single, head of household) and dependents. Your situation is unique to you and we can't guess. This IRS calculator may help.
https://www.irs.gov/individuals/tax-withholding-estimator
Note that if you usually qualify for EIC, this will disqualify you.
State taxes can be anywhere from 3%-10%, depending on what state you live in, and your filing status and dependents.
‎June 24, 2025
9:15 AM