I have 115,000 taxable income before taking a Roth conversion. I assume I can convert 38,000 and stay within my 25% tax bracket of 153,100 maximum. Is this true?

jcd · ‎June 6, 2019

SweetieJean · ‎June 6, 2019

"my" 25% bracket you cited is for MFJ. Single is different.

Hal_Al · ‎June 6, 2019

Yes, but hat's only *approximately* true. The additional $38K is income and changes your AGI and AGI governs other tax benefits. Common ones include medical deductions, tuition deductions and credits, child tax credit.

TurboTax (TT) download software can be used to do trial returns to see the effect of changes. The tool is also useful. https://turbotax.intuit.com/tax-tools/calculators/taxcaster/?s=1

TurboTax Online (TTO) is not very useful that way

SweetieJean · ‎June 6, 2019

and remember your State taxes.

I have 115,000 taxable income before taking a Roth conversion. I assume I can convert 38,000 and stay within my 25% tax bracket of 153,100 maximum. Is this true?

Retirement tax questions

Retirement tax questions

Retirement tax questions