I'm receiving an inheritance from an IRA account. I have the option to withhold some for next years tax filing. How do I know what percentage to withhold?
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I'm receiving an inheritance from an IRA account. I have the option to withhold some for next years tax filing. How do I know what percentage to withhold?
I'm receiving an inheritance from an IRA account. I have the option to withhold some for next years tax filing. How do I know what percentage to withhold?
That depends upon your overall tax situation. Try this, and remember state taxes as well: