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View Full Version : What taxes do you pay when you convert a regular IRA to a Roth IRA


kingfish74
Sep 10, 2012, 10:38 AM
Looking to convert my company IRA funds to a Roth IRA to take advantage of a low level of income in 2012 (and thus a lower tax rate).

Do you pay Social Security Tax and Medicare Tax on that conversion as well?

AtlantaTaxExpert
Sep 10, 2012, 11:03 AM
NO FICA (Social Security & Medicare) taxes will be due.