How Much Tax Will I Owe If I Take 12000.00 Out Of My Ira?

I have an IRA with a company i no longer work for- i need to purloin out 12000.00 of my 52000.00 IRA to settle money i owe my ex from a divorce - how much in taxes will i owe


Answer:
I'm not an accountant but what I heard was that once you give somebody a lift money out, assume you owe the government 30% of what you've taken out. Which means $3,600 to Uncle Sam. Please check this information out with your accountant or the investment house that caters to your depiction.

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