Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Took $ out of IRA. "
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous]You will owe roughly $10,500 in additional state and federal income tax.[/quote] Elaborating: I multiplied 25,000 times 42%, which would be about the marginal tax rate plus penalty plus state. That said, if all 25,000 was used for medical purposes, you may have some additional deductions that may temper that. You can begin claiming medical deductions once they exceed 10% of your income (unless you are a senior, in which case the floor is still 7.5%). [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
