MindyS2
Employee Tax Expert

Get your taxes done using TurboTax

Congrats on the Tesla purchase, also contributing to an IRA.  The amount that you can convert from a traditional to a Roth IRA to have $7500 worth of tax liability will depend on your other income, tax bracket, and filing status.

Turbotax offers a Tax Caster program that you can estimate your income and change the numbers to see how a conversion will affect your taxes.  The tax caster is currently set up for 2022, tax laws and tax rates may change from year to year.

https://turbotax.intuit.com/tax-tools/calculators/taxcaster/