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Retirement tax questions
The bottom line is, we can't tell, it depends on many factors. You file one tax return for the whole year, that reports all your income, including this withdrawal, and calculates the actual tax. You get credit for all your withholding, including from paychecks and from this withdrawal, and if the total of withholding (payments) is more than the total tax, you get a refund, and if the total payments are less than the total tax, you will owe more when you file. So it depends on your age, marital status, dependents, other income, and everything else on your tax return.
You can try this calculator.
‎July 4, 2025
9:38 AM