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Retirement tax questions
If I reduce my self-employment tax deduction by $579, and can increase the IRA contribution deduction by the same amount, I would get the full IRA deduction and avoid an excess contribution. The AGI remains the same and nothing else is impacted, except for avoiding the excess contribution.
Why would the IRS require me to take the full self-employment tax deduction?
‎January 27, 2021
11:34 AM