Roth IRA Conversion Tax Calculator

Important information you should know regarding any Roth conversion.

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[{"selector":"#anim-0d6bcc5d-073b-4c24-af17-cf13eb1e11f5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] 1. If you are under age 59½, and you pay taxes on conversion withdrawals from your traditional IRA, you may owe a state tax penalty in addition to a 10% federal tax penalty. 1. If you are under age 59½, and you pay taxes on conversion withdrawals from your traditional IRA, you may owe a state tax penalty in addition to a 10% federal tax penalty. CREDIT GETIMAGE

[{"selector":"#anim-922b472b-5cbb-46be-8b19-c404ebdc575b","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-fe2f8ddd-b5e2-49b3-b98e-c00fa2d3e939","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] 2. You will be required to pay ordinary income tax on the converted amount (pre-tax and investment gains). 2. You will be required to pay ordinary income tax on the converted amount (pre-tax and investment gains). CREDIT GETIMAGE

[{"selector":"#anim-585c0bee-f5d1-465d-a28d-9c8c0c44950c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] 3. If you pay taxes using money from an IRA, you may lose the potential benefit of being tax-free on that amount. 3. If you pay taxes using money from an IRA, you may lose the potential benefit of being tax-free on that amount. CREDIT GETIMAGE

[{"selector":"#anim-e2d516c9-c550-46c4-964f-dc1e024e5fba [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.514648210040342%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] 4. For an investor in a lower tax bracket, IRA contributions may be tax-deductible while Roth IRA contributions are not. 4. For an investor in a lower tax bracket, IRA contributions may be tax-deductible while Roth IRA contributions are not. CREDIT GETIMAGE

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[{"selector":"#anim-a3503dbb-17fb-481b-85c4-6a06e8c4163c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.514648210040342%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] 6. For death or disability, after age 59½, or for a first-time home purchase includes qualified tax-free distributions. 6. For death or disability, after age 59½, or for a first-time home purchase includes qualified tax-free distributions. CREDIT GETIMAGE

Roth IRA Conversion Tax Calculator

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Roth IRA Conversion Tax Calculator

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Important information you should know regarding any Roth conversion.

Important information you should know regarding any Roth conversion.

Roth IRA Conversion Tax Calculator

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