Talk of The Villages Florida - View Single Post - Question on withholding taxes.
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Old 03-29-2022, 07:39 AM
retiredguy123 retiredguy123 is offline
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Quote:
Originally Posted by bob47 View Post
If you pay the tax when the income is taken, so for a minimum required distribution which I usually take in late December, all the tax is paid to the government at the end of the year, is that a problem?
It depends. If the RMD raises your tax bracket, it could affect the tax rate for other income received early in the year.