Impact Calculator to Covert to a Roth IRA

[bbowman225]

Is there a calculator available that will allow me to run numbers for covering an IRA to Roth IRA? I would like to put myself in a favorable position by being mindful of tax brackets

[GiseleD]

There is no specific calculator for this in TurboTax, however, you can always find this via a quick internet search. There are many calculators available online that will do this for you, and some are free. 

[Pbolton1001]

I have the exact question. Does anyone have any info on this?

Thanks,

Phil

[NCperson]

@Pbolton1001 - there is no specific calculator.  However, just google "tax brackets 2022".   Take the amount of the conversion contemplated times your tax bracket and THAT is the federal tax on the conversion.  

Note that it is possible that if you are afforded tax credits, you could lose part or all of those credits, depending on which ones they are and how high you income is. 

same concept for your state applies.