First, you know that there is an additional 10% federal penalty for IRA withdrawals before age 59 1/2. Unemployment is not an exception to the penalty rule, however, if you are paying medical insurance premiums while unemployed, amounts you withdraw from the IRA to cover those premiums are exempt from the 10% penalty.
As for your regular income taxes, we can’t give you an exact answer because it depends on your filing status, number of dependents, itemized deductions, other income, and other tax factors. You can try using the IRS withholding calculator to estimate your taxes, since these withdrawals will be made in 2023, you have to think about your 2023 income tax.
https://www.irs.gov/individuals/tax-withholding-estimator
In general, your federal tax rate is probably 12% or 22%, plus the additional 10% penalty. Georgia’s income tax rate is 5.75%. So I would have a minimum withholding of 22% federal and 5.75% Georgia. You might need to go as high as 32% federal, depending on your other income and how much you plan to withdraw.
