How much taxes for IRA early withdrawl?
Asked by: rdhouse
In 2013 I withdrew $ 13000 from my IRA plan. Actually, my uncle created the act. on my name. I want to give him the entire money. I don;t want to wait till I file for 2013 taxes. Would you be able to tell how much the taxes be. I asked the company they say there would definitely be 10% penalty for early withdrawal and others could depend on my income group and age. I am 37 and make $ 105,000 a year with full 401k contribution of $ 11,500 for 2012.