Q:

What is the tax rate for distributions from an IRA?

A:

Quick Answer

Distributions withdrawals from a traditional IRA are subject to the ordinary income tax rate for the year of the withdrawal, according to CNN.com. In a ROTH IRA, distributions are tax-free if the individual is at least 59 1/2 years old and the account is at least five years old.

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Full Answer

Withdrawals from both ROTH and traditional IRA's made prior to the are of 59 1/2 are subject to a 10 percent penalty. Withdrawals from a ROTH account open less than five years are reported as taxable income, according to Zacks.com.

Marginal income tax rates that apply to traditional IRAs can be found within the IRS tax rate tables online.

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