$32,200
Will you be on Medicare in the premium year this MAGI
affects (i.e., 2 years from now)?
Maximum federal bracket you want to fill.
Reduces max conversion by this percentage as a safety margin.
Enter your best full-year estimates for the numbers below. Tax form references are listed in blue if you'd like to check amounts from a previous year.
$
Your total taxable wages, salaries, and tips.
Reference: W-2 Box 1
$
Rents, royalties, jury duty, other income, etc.
Reference: 1099-MISC
$
Interest from banks, CDs, bonds (no municipal/tax-exempt interest).
Reference: 1099-INT Box 1 + Box 3
$
All dividends including qualified. We'll separate them for you.
Reference: 1099-DIV Box 1a
$
Already included in Box 1a above. Taxed at lower federal rate.
Reference: 1099-DIV Box 1b
$
Net gain from assets held ≤ 1 year. Enter 0 if net loss.
Reference: Schedule D Box 7
$
Taxable pensions, annuities, IRA/401k withdrawals, RMDs.
Exclude any Roth conversion.
Reference: 1099-R (taxable amount)
$
Taxable portion of Social Security benefits.
Reference: SSA-1099 Box 5 → 1040 Line 6b
$
Unemployment compensation received.
Reference: 1099-G Box 1
$
Conversions already completed this year. We calculate what's
left.
$
Net gain from assets held > 1 year. Enter 0 if net loss.
Reference: Schedule D Box 15
$
Municipal bond interest. Not taxed, but counts for
IRMAA.
Reference: 1099-INT Box 8
$
Total: HSA, deductible IRA/SEP, ½ SE tax, student loan interest, etc.
Reference: Schedule 1 line 26 → 1040 line 10
Select a target bracket and enter your income to see your Roth conversion headroom.