IRA tax rate

[Fred011]

I am retiring soon, 63 years old not drawing Social Security. Wondering what percent I should be taking out of IRA distributions? Federal and New York State

[xmasbaby0]

We cannot see any of your information and do not know what your income will be.   The money you take out of your retirement account will be taxed at your own ordinary income tax rate.  You have provided no information about how much you plan to take out or what your filing status will be, whether you have dependents, etc. etc.

[Fred011]

Income from IRA will be $61000. filing joint other income from spouse social security $7200 and a pension of $15000 that has tax already taken out. No dependents

[xmasbaby0]

Try using the Taxcaster tool.   It is still for 2023, but it will give you a close idea.   You say tax will be withheld from the pension but we do not know how much.  And we do not know your ages, so we do not know what your standard deduction will be.  If either of you is 65 or older, it is higher.   When your pension income is combined with the retirement account distributions, it all adds together, so the amounts withheld are reconciled with your tax liability to determine how much additional tax you owe or if you get a refund.

https://turbotax.intuit.com/tax-tools/calculators/taxcaster/