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 Levine, Jacobs & Company, LLC, Senior Member Clarifies How Taxes are Calculated on IRA Withdrawal- Levine, Jacobs & Company, LLC, Senior Member Clarifies How Taxes are Calculated on IRA Withdrawal
- August 22, 2022
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Michael H. Karu, CPA/CFF discusses how to calculate taxes on IRA withdrawals.
Michael H. Karu, CPA/CFF, Senior Member, Levine, Jacobs & Company, LLC., was highlighted on NJ.com where he discussed how taxes are calculated on IRA withdrawals.
Karu spoke about the importance of understanding tax liability before withdrawing funds from a retirement account. “You are only taxed on the withdrawal… it does not matter how much is earned within the IRA.” He stated.
In addition, he further continued, “there are age restrictions on withdrawals, which may cost an additional 10...
- View more at: https://www.1888pressrelease.com/levine-jacobs-company-llc-senior-member-clarifies-how-t-pr-711559.html
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