Current tax situation using two maxed out Roth IRA's.
Fed Owed - 1,685
State Refund - 832
If I re-categorize 3,780 (max allowed) to one of the Traditional IRA - this is what happens.
Fed Owed - 1,115
State Refund - 1,083
Or I could re-categorize Two Traditional IRA's - each 3,780 (max allowed)
Fed Owed - 553
State Refund - 1,343
Any thoughts on how I should calculate the best course of action? Any other questions I didn't address?
(I think this is the right category for this discussion)