Is there a required amount of tax set by the government you must pay on RMD withdrawals?

posted

Connect with an expert

1 Best answer

Accepted Solutions

The withdrawal is taxable as ordinary income. The withdrawal amount is added to your other income and taxed at whatever your marginal tax rate is.

1 Reply

The withdrawal is taxable as ordinary income. The withdrawal amount is added to your other income and taxed at whatever your marginal tax rate is.

Still have questions?

Questions are answered within a few hours on average.

*Must create login to post

Unlock tailored help options in your account.