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Retirement tax questions
If your estimate is wrong and you go over into the next bracket only the overage will be taxed at the higher rate. i.e. if your $10,000 conversion puts you $500 into the next bracket you will pay the higher rate on $500 and your old lower rate on the rest of your income.
In which case it is not worth bothering to recharacterize.
In which case it is not worth bothering to recharacterize.
May 31, 2019
5:58 PM