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Retirement tax questions
I am trying to determine the impact of taking a 401K RMD for the 1st time in GA in 2019. I would also like to determine the right amount of RMD withholding. My understanding is that there is a $65K exclusion per individual for retirement income in GA. So, are each of the following included in calculating the exclusion: Social Security, Pension, 401K RMD? Then, in 2019 any amount over $65K/individual (filing jointly) is taxed at $340 + 5.75% of the amount over $10K. Right?
‎July 28, 2019
2:20 PM