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KAT,

<<It appears that won't be true after technical corrections go through, although I never thought to discuss this when I was talking technical corrections with congressional staff. The November (House) version of technical corrections eliminates the IRA contribution deduction from the calculation of modified adjusted gross income for purposes of the Roth IRA provisions. As far as I know, the Senate version will be consistent with the House on this point. As a result, contributions to a 401k or Keogh will keep modified AGI down, but apparently contributions to a deductible IRA will not.>>

What the Congress giveth, the Congress taketh away. Looks like the grabbing started early this year.

Regards….Pixy
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