if my wife and i both contribute 2k each and don't deduct it, we will have that money taxed twice no?No, but be sure to file the appropriate form (I don't know the number) to establish your "tax basis" (after-tax contribution) for the IRA.In retirement, the portion of the payouts considered the return of after-tax contributions will not be taxed again, but the rest (pre-tax contributions and all of the earnings) will be taxed at ordinary income tax rates.
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