2805451
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

thepinkmonkey
Returning Member

Alternative Minimum Tax (ATM): how to calculate easily so that I can reserve money for 2023 taxes?

Hi all-first timer here. Without going thru Form 6251, I am wondering if there is a simple way to estimate what my taxes will be like for tax year 2023 since I will be taking my Required Minimum Distribution (RMD) for the first time and it will push me over the exemption amount of $81,300? In 2023, I won't have any significant deductions that would get me anywhere near the Standard Deduction.

Would I be taxed the 26% on my total income (Social Security, Pension and RMD)? 

Thanks in advance for your help!

 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Alternative Minimum Tax (ATM): how to calculate easily so that I can reserve money for 2023 taxes?

See https://www.irs.gov/taxtopics/tc556

 

The chances you are subject to AMT are remote based upon what you described in your post.

View solution in original post

2 Replies

Alternative Minimum Tax (ATM): how to calculate easily so that I can reserve money for 2023 taxes?

See https://www.irs.gov/taxtopics/tc556

 

The chances you are subject to AMT are remote based upon what you described in your post.

thepinkmonkey
Returning Member

Alternative Minimum Tax (ATM): how to calculate easily so that I can reserve money for 2023 taxes?

Thank you, very much!

TPM

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question