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Retirement tax questions
Assuming you pay in 100% of your tax from 2025 in quarterly installments then you can wait until the due date of your tax return in 2027 to pay the additional tax on your retirement plan distribution. In general, you must pay in the lessor of 100% (110% if income over $150,000) of the tax from the previous year or 90% of the tax for the current year on a timely basis in order to avoid a penalty for late payment of tax.
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a week ago