I want to understand how much in taxes should I withdraw in addition to cover all the taxes of an earily ira withdrawl?

[catsnrabbits]

Hi there, I want to make an early withdrawal from my traditional IRA of $130,000 to purchase some vacant lots surrounding my home. I want to understand how much in taxes should I withdraw in addition to this amount to cover all the taxes?

[xmasbaby0]

You have not told us about any other income you will have.    If you are taking money from a retirement account before you are 59 1/2, you will pay a 10% early withdrawal penalty plus ordinary income tax on the distribution.   Your total tax liability will be calculated when ALL of your income and all of the tax withheld is entered.   We cannot tell you how much you will owe since we have no idea of any other income you have--like W-2 income, self employment income, Social Security, investment income, rental income, etc.etc.etc.

[Opus 17]

Adding that amount of income to a typical middle class income (married or single) will put you at least in the 24% bracket.   You can double check here. https://www.nerdwallet.com/article/taxes/federal-income-tax-brackets

That means you should have at least 34% withheld for federal taxes.

State income taxes (for states that have income tax) range from 3% to 13%.  You will have to check your state income tax brackets and approximate income to see how much you need withheld for state taxes.