If I'm paying $3,763 that is the tax I am paying on all my income, not just the $10,000-Correct?Fortunately, that's not what is happening. If you can use Excel and want to follow along, see OP's dropbox link and the personal finance toolbox.If you withheld $4,491, and now you have $10,000 of income created by your Roth conversion, and that reduces you refund to $728, that means you are payingI think I am beginning to get it...If I put 10,000 for example in B31 for Roth conversion I would get back $728 tax refund based on my $4491 witholding. Is this correct?
$4,491 - $728 = $3,763 tax on $10,000. Seems high to me.
Statistics: Posted by JMK909er — Sun Apr 21, 2024 8:29 am