I have an inherited ira that I need to take out in a few years. I’m currently in the 12% bracket but that will change next year.

If I max out my 401k for the rest of the year, and then take out a portion of the ira, as long as I stay under 12% cutoff with the amount I take out will offsetting with a higher 401k contribution work? Or does that not reduce my taxable income?