lehnerwm
New Member

Retirement tax questions

Thanks for the Quick response!

My wife did not donate to her IRA this past year.  The $22,000 is the amount I would like to recharacterize.  If I do more than that, my wife and I will be in a high Medicare bracket in 2025.   Is there a ceiling on how much can be recharacterized in one year?  The 16% is the amount I pay on my federal taxes last year.

Bill