We're in the phase-out range for being able to fully deduct contributions to my IRA (married filing jointly; I max out my 401K, my husband is the at-home parent and his IRA contribution is fully deductible). In the past I re-characterized after I did our taxes so I had the exact amount that was not tax deductible. Given that this option might not be available under the proposed tax plan, am I better off estimating this amount and doing so now?
Thanks in advance.
