Adjusting your withholdings W-4 is the way to go for your retirement benefits assuming it is continuous. Here is a link to tax caster to assist in generating your W-4: https://turbotax.intuit.com/tax-tools/calculators/taxcaster/
Keep in mind the tax tables will be updated for 2024 accordingly. It is also a good idea to check your withholdings to date anytime.
Submit a request to pay taxes on your retirement benefits throughout the year instead of paying a large bill at tax time.
If this is a one time taxable distribution you can remit an estimated tax payment accordingly. IRS Form 1040 estimated taxes
How to make estimated tax payments
Have an amazing day. Evelyn M (CPA 20+ years)
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