ritaburd
Returning Member

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?