How much will the federal and state(MN) income be on an early withdrawal of $30,000.00 from a Traditional Ira?
Asked by: jbell
I made the withdrawal in January 2013. I believe my income bracket is 15%.
I’ll clarify better on what I did. I already took out this yr 2013 $ 11,000.00 after 10% fed and 10% state I received $ 8800.00. I will be taking out $ 19,000.00 after 10% fed & 10% state I will receive $ 15,200.00. I live in MN. What will the income taxes be that I will have to pay at the end of 2013?
How others found here:
- anybody get there federal taxes in mn
- do i have to pay state taxes when i withdraw from my ira in minnesota
- Does minnesota Require You to Pay State Taxes on an IRA Withdrawal?