dmertz
Level 15

Deductions & credits

I'm sorry, you are right.  I forgot that you owe both income tax *and* 10% additional tax on the amount you would not have otherwise been eligible to contribute.  Ignore what I said about 10% being less than your marginal tax rate.  Keep in mind, though, that income tax rates are lower for 2018 than for 2017 due to the recent tax-code changes.