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Are distributions from an IRA subject to 20% withholding?

April 26, 2017distributions IRA Subject

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Are distributions from an IRA subject to 20% withholding?

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No. The 20% withholding requirements do not apply to distributions from IRAs. However, if you receive a distribution from an IRA before you attain age 59-1/2, you may be subject to the 10% excise tax for early withdrawals.