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Pixy wrote:

<<If your wife is NOT covered by a qualified retirement plan through her employment, then she is eligible to make a deductible $2K contribution to a traditional IRA. That would certainly be one way to reduce your AGI to allow you to make your [Roth IRA] conversions.>>

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.

KAT in Chicagoland
Tax Guide for Investors
Includes the latest information on
Roth IRA technical corrections
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