will carry over NOL cover all this income

[jkgvharden]

I have the following types of income in 2025:

W2

INT

DIV

SS

IRA withdrawl (NON Roth)

cap gains

The total of those is less than the NOL leftover from last year. 
I am MFJ and both over 65. 
I want to make sure I plan correctly for converting an IRA to a Roth with out going into the next tax bracket. What is the math for this?

[Cindy4]

Any net operating loss carry over will certainly help reduce your taxable income.  The MFJ both over 65 standard deduction gives you $33,200 before you have taxable income.  You would initially be in the 10% bracket until your taxable income reaches $23,850.  After that, you cross over into the 12% bracket and remain there until your income reaches $96,950.  The big jump to 22% occurs at this point.  Here is a great tool that may help you calculate where you'll land.

I'm glad to hear you are doing some tax planning regarding your retirement withdrawals.  

Hope this helps!

Cindy

[jkgvharden]

will the NOL off set the other income dollar for dollar?