Solved
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!
