We all know the spiky fruit is delicious, but is there any truth to the claim that pineapple can help reduce inflammation? Aside from being a great source of Vitamin C, pineapples contain the enzyme bromelain, which is a natural anti-inflammatory agent that plays a role in the bodyâs healing process.
If this is the case, then you can convert your entire Non-deductible IRA to a Roth IRA, and you'll only have to pay tax on the earnings portion. For example, Susan Smith is in a 30% tax bracket this year and she only has one IRA worth $100,000.The IRA consists of $90,000 in non-deductible contributions and $10,000 in earnings.If she decides to convert the entire IRA to Roth, she would only have to pay tax on the earnings portion ($10,000). At a 30% tax rate, she would owe $3,000 in tax to convert the entire $100,000 to Roth.If Smith had no earnings in this IRA, the entire $100,000 (all non-deductible contributions) could be converted with no tax liability.t a 30% tax rate, she would owe $3,000 in tax to convert the entire $100,000 to Roth. If Smith had no earnings in this IRA, the entire $100,000 (all non-deductible contributions) could be converted with no tax liability.
For example, if you previously made non-deductible contributions to your IRA of $8,000, the value of all of your traditional IRAs is $80,000, and you decide to convert $10,000, then 10% ($8,000 out of $80,000) of your conversion, or $1,000 ($10,000 x 10% = $1,000) is not taxed.f you are eligible, you can convert a traditional IRA or a 401(k) to a Roth IRA. Note, however, that you typically cannot convert a 401(k) to a Roth IRA while you are still working for the employer where your 401(k) is held.