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SR70
Level 1

re Roth conversions, is adjusted or gross income more important for tax bracket?

I'd like to some Roth conversions this year but stay in a low tax bracket.  Should I calculate how much to convert based on the tax bracket for my adjusted income or just for the gross income? Thank you.

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‎July 27, 2022 9:04 AM
last updated ‎July 27, 2022 9:04 AM
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SoCalGal22
Employee Tax Expert
Employee Tax Expert

re Roth conversions, is adjusted or gross income more important for tax bracket?

AGI is what they calculate on. You need to enter the proposed contribution amount for Turbotax to calculate if you qualify for that amount. https://ttlc.intuit.com/community/retirement/discussion/does-turbotax-online-calculate-allowable-rot...

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‎July 27, 2022 9:07 AM
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SoCalGal22
Employee Tax Expert
Employee Tax Expert

re Roth conversions, is adjusted or gross income more important for tax bracket?

AGI is what they calculate on. You need to enter the proposed contribution amount for Turbotax to calculate if you qualify for that amount. https://ttlc.intuit.com/community/retirement/discussion/does-turbotax-online-calculate-allowable-rot...

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎July 27, 2022 9:07 AM
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