I was trying on my married filing jointly returned to put 2500 into a trad IRA to lower my tax burden.
Then I advanced 2 or 3 screens after entering 2500 as a traditional IRA and presto! My numbers went UP from 1003/571 to 1803/772 instead of down!
Can someone explain this MAGI for me?
And will buying a trad IRA for my husband lower our tax burden? He only made 30k this year.
See attached screenshots!
