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Roth IRA Withdrawals and Tax Withholding
Roth IRA Withdrawals and Tax Withholding
Updated over 2 months ago

If you're requesting a partial withdrawal from your Roth Individual Retirement Account (IRA) or planning to close it entirely, you'll need to input the reason for the withdrawal, and your tax withholding preferences.

Roth IRA distributions are not subject to any mandatory federal or state withholding. Qualified distributions from a Roth IRA are not taxable at the time of distribution. It is important to consult your tax advisor to see how a distribution may affect your circumstances and whether taxes should be withheld.

If you have more questions or need further assistance, feel free to reach out to us via chat, or email us at support@public.com.

This information is for educational purposes only and is not tax or investment advice. Consult your tax advisor for individual considerations. All investing involves risk. Visit the IRS website for more information.

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