Higher Tax Bracket? Confused!

[AMYMARIE71]

I was told that I will pay income taxes on a distribution all at once, and I may move to a higher tax bracket depending on the amount of
the distribution and my current income.

I inherited an IRA as a non-spouse from my mother and I must take a lump sum..it might actually be past the 5 year mark. I am curious as to how I may move to a higher tax bracket? If so, is it only for the year that I take the lump sum due to it being seen as taxable income?

Thanks!

[moneybags]

It would only be in the year you take the distribution. Why do you have to take it all out? Can't you just take the required minimum distribution?

[creditcardfree]

Yes, only for the year you take the distribution. Of course, you MAY not change tax brackets, it just depends on your income, the amount of the distribution and where you would normally fall with in the tax brackets.

Tax brackets can be found here

[disneysteve]

Also, remember that tax brackets are graduated. You only pay the higher tax rate on the amount above that which puts you into that bracket, not on your entire income.