A business owner with variable income can save on taxes by converting $100,000 from a traditional IRA to a Roth IRA during a lower-income year, paying a 24% tax rate instead of a 32% rate.

Authors

• Person: Not available Organization: PTC CPAs & Advisors
  Advanced Tax Management Strategies | Build & Preserve Wealth

Sources

• Advanced Tax Management Strategies | Build & Preserve Wealth ptcpas.com PTC CPAs & Advisors via serper

Referenced by nodes (2)

• traditional IRA concept
• Roth IRA concept