- How It Works
- ServicesServicesOverviewChoose the right level of support for your plan and needsExpert ReviewA comprehensive review of inputs and reports to get you on the right pathFiling AssistanceLet our experts deal with Social Security for youClawback AssistanceFor those who need help fighting a Social Security benefit clawback
.png)
- Why Choose Us
- ResourcesResourcesBooksFrom the world-renowned economist behind Maximize My Social SecurityWebinars & PodcastsExpert tips and guides to help you get the maximum from Maximize My Social SecurtyArticlesIn-depth commentary on Social Security from our founderAsk LarryThousands of questions answered by our Social Security expertsBlogSocial Security insights to help you maximize your lifetime benefitsFAQYour most pressing questions answered
- Pricing
Ask Larry
Experts at Maximize My Social Security have answered more than 10,000 questions about Social Security over many years. Search for your questions and answers here.
Will I Owe FICA Taxes On Funds Moved From A Regular 401K To A Roth 401K?
I am not drawing Social Security, In the year of completing a 401K to Roth conversion, I understand that federal taxes are due but will the other FICA taxes ( Social Security & medicare) also be applied ?
Hi,
Not to the best of my knowledge. Social Security/Medicare (aka FICA) taxes are assessed in the year in which earnings are paid, even if income taxes are deferred on the earnings because you put them into a 401K or IRA. That said, though, my expertise is limited to Social Security taxes and not tax regulations, so you should probably double check with the IRS.
Best, Jerry
Category:
Posted:
May 6, 2019