Using TurboTax desktop I found that converting $48k to Roth would take us to just under the top of the 12% bracket, resulting in tax due of $8,708 and taxable income of $93,003
Since the conversion would happen this year, I'd want to be more conservative since we won't know all of the final details incorporated into the tax software that would apply in early 2025. ( or dividend income, bank interest earned etc etc etc
Since the conversion would happen this year, I'd want to be more conservative since we won't know all of the final details incorporated into the tax software that would apply in early 2025. ( or dividend income, bank interest earned etc etc etc
Statistics: Posted by Indianrock — Mon May 06, 2024 7:59 am — Replies 34 — Views 2062