https://ttlc.intuit.com/community/retirement/discussion/i-am-disabled-and-have-already-taken-the-rmd-out-of-my-ira-for-2019-if-i-take-more-money-from-my-ira/01/806007#M74917 <P>I will need to take money out of my IRA within the next few months for medical necessities.&nbsp; How will that effect my 2019 taxes?</P> Sat, 08 Jun 2019 00:50:00 GMT tustung1915-outlook-com 2019-06-08T00:50:00Z https://ttlc.intuit.com/community/retirement/discussion/i-am-disabled-and-have-already-taken-the-rmd-out-of-my-ira-for-2019-if-i-take-more-money-from-my-ira/01/806007#M74917 <P>I will need to take money out of my IRA within the next few months for medical necessities.&nbsp; How will that effect my 2019 taxes?</P> Sat, 08 Jun 2019 00:50:00 GMT https://ttlc.intuit.com/community/retirement/discussion/i-am-disabled-and-have-already-taken-the-rmd-out-of-my-ira-for-2019-if-i-take-more-money-from-my-ira/01/806007#M74917 tustung1915-outlook-com 2019-06-08T00:50:00Z https://ttlc.intuit.com/community/retirement/discussion/your-required-to-take-a-minimum-distribution-each-year-b/01/806009#M74918 <P>Your required to take a MINIMUM distribution each year, but there's no limit as to how much to take out.&nbsp; The money coming out of the IRA will be taxed at your marginal income tax rate, just like the RMD amount.&nbsp; So if take an additional, say, $1,000 of the IRA it will be taxed as $1,000 x your marginal "ordinary" tax rate.&nbsp; Potentially the additional income could even put you in a higher tax rate.&nbsp; Questions like these really are impossible to answer precisely since nobody here knows your personal tax situation.&nbsp; However, there will be nothing called a "penalty" applied to the additional amount.<BR /></P><P>Tom Young<BR /></P> Sat, 08 Jun 2019 00:50:01 GMT https://ttlc.intuit.com/community/retirement/discussion/your-required-to-take-a-minimum-distribution-each-year-b/01/806009#M74918 TomYoung 2019-06-08T00:50:01Z