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I’m 73 and starting RMDs with a $53,000 withdrawal. When will I have to pay income tax on this?

Por: MarketWatch Politics January 26, 2024

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I will be turning 73 this year and will have to take out around $53,000 from my retirement accounts for an RMD. This will add about $5,000 to my tax bill for 2024. If I take the full $53,000 out today, will I have to pay the Internal Revenue Service quarterly estimated taxes of $1,250 each during tax year 2024? But if I wait until December 2024 to take out the full $53,000 will I just have to pay the $5,000 tax when filing my 2024 taxes in April... + full article



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