whats the tax rate if you withdraw from an ira
Generally, early withdrawal from an Individual Retirement Account (IRA) prior to age 59Â½ is subject to being included in gross income plus a 10 percent additional tax penalty. There are exceptions to the 10 percent penalty, such as using IRA funds to pay your medical insurance premium after a job loss. For more information, see Hardships, Early Withdrawals and Loans. Return to What If?