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Learning, Sharing, and Teaching => Taxes => Topic started by: tweezers on November 21, 2017, 10:04:33 AM

Title: Recharacterize non-deductible 2017 tIRA contributions now?
Post by: tweezers on November 21, 2017, 10:04:33 AM

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.