I want to take money out of my IRA account but I don't know if I need to pay Social security taxes on the amount I acquire from my IRA.
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You will not pay social security tax on an IRA distributions.
However, if your IRA distribution bumps your total income up enough, the IRA distribution may cause you to owe income taxes on your social security income.
Take a look at this article.
You will not pay social security tax on an IRA distributions.
However, if your IRA distribution bumps your total income up enough, the IRA distribution may cause you to owe income taxes on your social security income.
Take a look at this article.
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