Mr._Graybeard
Thinks s/he gets paid by the post
- Joined
- Apr 18, 2011
- Messages
- 2,978
I'm still trying to get my head around whether I can deduct traditional IRA contributions as part of my modified adjusted gross income (the magic number for the Obamacare tax credit). I believe I've read threads here that says the deduction is applicable to MAGI, but this IRS document seems to say no. The document's publication date is 2004, though -- a search of the IRS site doesn't come up with anything newer. Was something in the MAGI definition changed since then?
I suppose a call to IRS would provide a definitive answer, but then again, maybe not.
I suppose a call to IRS would provide a definitive answer, but then again, maybe not.