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My income is social security and dividends. The ObamaCare subsidy needs to be repaid (salary $4000 too much). Can I make an IRA contribution to reduce income.
I am retired and have social security and dividernds for income (no W2 or taxable wages). I withdrew more than I should have from my IRA last year and the health care subsidy on my tax return needs to be repaid. I want to know if I can make a contribution before April taxes (in 2018) to reduce my income.
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‎June 6, 2019
8:25 AM