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.
If you convert the Traditional IRA to a Roth, you would get a $1250 tax reduction for 2009 but owe $1750 for 2010. If you recharacterize the 2009 contribution as a Roth contribution, you save $500 in taxes. Example: You contributed $5000 to a Roth IRA in April 2007 even though you were eligible for a deductible IRA.In October 2008, your Roth has lost 40% of its value.You recharacterize the contribution as a Traditional IRA contribution, filing an amended return, and receive a $1250 refund because you are are in a 25% tax bracket, and $3000 in the Traditional IRA.n October 2008, your Roth has lost 40% of its value. You recharacterize the contribution as a Traditional IRA contribution, filing an amended return, and receive a $1250 refund because you are are in a 25% tax bracket, and $3000 in the Traditional IRA.