Welcome. My name is XXXXX XXXXX it will be my pleasure to assist you with your tax question today.
Based on the information contained in your question, your mom would pay income tax on the amount withdrawn from her traditional IRA, but she would not be subject to an early withdrawal penalty of 10% since she is over 59 1/2 years of age. Chase will most likely provide the appropriate paperwork to your mom so she can decide if she wants to have the tax withheld at the time of withdrawal of the funds rather than when she files her tax return. Depending on the amount withdrawn, this may also impact whether or not part of her social security (if she receives same) will be taxed as well.
Please let me know if you require further information or clarification.
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Thanks for the follow-up question, Tenoch.
If your mom withdraws the money from her traditional IRA, she will have to pay the tax on the withdrawal amount because the money went in as pre-tax dollars.
I am sorry if this is not the answer you were looking for, but it is my responsibility to give you correct information.