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Retirement tax questions
To clarify, It seems to me TT is not calculating correctly because I have marked that my wife is on Medicare. However, when I enter her contribution amount and the tax liability goes down. If her contribution are not deductible and subject to the excise tax the tax liability should go up. So, why is TT reducing the tax liability for contributions that are not deductible?
‎December 29, 2023
9:46 AM