How much should I withhold to cover my state taxes in NC? I am taking a distribution from an IRA and want to make sure I withhold enough for state taxes

amcnulty1003 · ‎June 3, 2019

I am withholding federal taxes based on my effective tax rate plus the 10% penalty (of the total distribution) but want to make sure I am covered for NC state taxes.

SteamTrain · ‎June 3, 2019

6% if you want to overdo it a bit to make up for other income you might have.

IF you will have zero other income in 2018, then 5% would do it.

regular rate is ~5.5%

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

View solution in original post

SteamTrain · ‎June 3, 2019

6% if you want to overdo it a bit to make up for other income you might have.

IF you will have zero other income in 2018, then 5% would do it.

regular rate is ~5.5%

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

Expert does your taxes

Do it yourself

Resources

Support

How much should I withhold to cover my state taxes in NC? I am taking a distribution from an IRA and want to make sure I withhold enough for state taxes