Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
C
Cwdickson23
April 8, 2025
Question

I have a traditional 401k balance I want to convert to a rollover Roth IRA. How do I find out what my tax implications will be

  • April 8, 2025
  • 1 reply
  • 0 views
I want to estimate my taxes on converting my pre tax 401k balance into a Roth ira

    1 reply

    M
    MinhT1
    April 8, 2025

    This conversion is taxable. And the tax due on this conversion depends on your tax bracket when you add the amount of conversion to your projected taxable income in 2025.

     

    For example, if your marginal tax bracket for the conversion is 32%, then you'll owe $32,000 of additional taxes on a conversion of $100,000.

     

    The marginal tax brackets for 2025 can be found in this IRS document.

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsCookie settingsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification