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Greetings -

Like many people my husband and I will be paying taxes on our Roth IRA conversion. Of course the IRA is worth way less now than when we converted it in January. We would like to reconvert (this year) and recharacterize (next year), but we can't do this because we will be above the $100,000 modified AGI conversion limit next year - and this year we are barely squeaking under the limit as it is (didn't expect that bonus).

I have been hearing about the proposed legislative increases to the conversion limits, perhaps up to $200,000 or more. Did this get included in the big spending bill that Congress just passed? How can I find out about this? I've been checking the legislative websites but I can't find out the details. Short of contacting my congresspeople I am not sure how to find out. Has anyone heard about this?
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