How to Avoid Tax Penalty on a Roth Ira Conversion?

Tammy made a roth ira conversion of 65 thousand dollars in 20 21. Because of my low income this year, should i pay federal and estimated taxes before filing my 20 21 tax return, so i don't have to pay interest in penalties on this conversion? I would say, tammy, probably, which isn't a great answer, but let me explain. Ah, so when when you're thinking about estimated payments, you have a couple of ways to avoid penalty. One is to pay in either a hundred % of last year's tax or 90%. And those estimated payments would start in the quarter that you actually did the roth conversions.