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Hi, I'm new at this, but I did do a quick scan of the tax FAQs and didn't find anyone who has had the same problem. My husband and I both opened Roth IRAs this fall thinking we'd be well under the AGI limit for this year. However, my husband's company decided to give him a largish and unexpected stock award that has bumped us over the married-filing-jointly AGI limit. Oops! What should we do about this and will we have to pay any tax penalties? (I checked out the IRS web site, but there was nothing useful on their Roth page and they have yet to return my email)
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