For a traditional IRA, federal withholding on distributions is 10%. State withholding levels are state specific. When you make your withdrawal, we can provide some additional information on state withholding. Additionally, if you are under 59 ½ years old, you may be subject to a 10% early withdrawal penalty from the IRS for withdrawals from your IRA.
Kindur provides the ability for you to withhold the appropriate taxes for your particular situation and encourages you to consult with a tax professional for further information. Please note that Kindur is not a tax advisor, nor should any information here be considered tax advice.