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Get your taxes done using TurboTax
Unfortunately, it sounds like TurboTax is likely correct. A contribution to a deductible Traditional IRA would lower taxable income, and would potentially allow for a higher credit but a contribution to a Roth IRA doesn't have the same effect.
Perhaps there was a misunderstanding with regards to the advance credit at the Marketplace, but there is no consideration for that when determining the final premium tax credit.
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‎February 7, 2025
5:15 PM