CardsFan
Thinks s/he gets paid by the post
In a nutshell:
2019 AGI was $102,000
2020 AGI will be just under $148,000 due to higher Roth conversions.
As I understand the current proposed legislation, the limit is $150,000 for MFJ, so we should be good. BUT, there is always the possibility of lowering that limit in the final bill.
I almost feel guilty playing this game, but I don't make the tax laws.
FWIW, we owe a significant amount, so no refund in play.
I guess there is no downside to waiting until April to see what finally transpires, I just like to get taxes out of the way.
What are you folks doing?
2019 AGI was $102,000
2020 AGI will be just under $148,000 due to higher Roth conversions.
As I understand the current proposed legislation, the limit is $150,000 for MFJ, so we should be good. BUT, there is always the possibility of lowering that limit in the final bill.
I almost feel guilty playing this game, but I don't make the tax laws.
FWIW, we owe a significant amount, so no refund in play.
I guess there is no downside to waiting until April to see what finally transpires, I just like to get taxes out of the way.
What are you folks doing?