rjs
Level 15
Level 15

Retirement tax questions

Try using TaxCaster to estimate your tax.


TaxCaster


You could first enter all your income except the 401(k) withdrawal, and see how much the tax is. Then add the 401(k) withdrawal and see how much the tax goes up.


The withdrawal is just more ordinary income. Your tax bracket depends on your taxable income, which is Adjusted Gross Income (AGI) minus deductions.