TurboTax online how do I tell my marginal tax rate is?

Phil · Joined: 28 Sep 2007 Posts: 6

I want to keep myself in the 15% tax bracket. I converted part of an IRA
to a Roth and can recharacterize part of that back to keep myself in the
15% tax bracket. I figure by changing the amount that I enter from the
1099 I will know how much to recharacterize. But I can't figure out
where turbo tax tells me my marginal tax rate.

Archived from group: misc>taxes

Paul Thomas, CPA · Joined: 25 Aug 2007 Posts: 3094

"Phil" wrote
>I want to keep myself in the 15% tax bracket. I converted part of an IRA to
>a Roth and can recharacterize part of that back to keep myself in the 15%
>tax bracket. I figure by changing the amount that I enter from the 1099 I
>will know how much to recharacterize. But I can't figure out where turbo
>tax tells me my marginal tax rate.

The 15% bracket tops out at:

$32,550 single
$65,100 MFJ
$32,550 MFS
$43,650 HOH

These are the amount of ~taxable~ income (ie: after deductions and
exemptions).

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