I had converted my regular IRA to a Roth IRA and paid tax on $25,000. The account is now worth $80,000 and I want to withdraw $20,000 to pay off my credit card debt. Is the withdrawal taxable to me?

I had converted my regular IRA to a Roth IRA and paid tax on $25,000. The account is now worth $80,000 and I want to withdraw $20,000 to pay off my credit card debt. Is the withdrawal taxable to me?

No, this distribution is tax free. You are allowed to withdraw your conversion amounts at any time without tax. After all, you already paid tax on this amount when it went into the Roth IRA. Distributions from Roth IRAs are deemed to come first from contributions (made with after-tax dollars) and then from earnings (pretax dollars). As long as your withdrawal does not exceed $25,000, your conversion amount, it is fully tax free.