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Level 2
June 1, 2019
Question

If I withdraw $50,000 from my IRA to buy a house and I am 66 years old and my income is $27000 a year, how much tax do I pay on the $50,000?

  • June 1, 2019
  • 3 replies
  • 15 views
No text available

3 replies

Level 8
June 1, 2019

Nobody can tell you because we don't know the source of your other income, your filing status, whether you have other items you can deduct, etc.

Level 2
June 1, 2019
My other income is social security payments. I didn't have any deductions. filing status is single, no dependents,