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No, an after-tax contribution does not reduce your AGI. Being included in your AGI is what makes it an after-tax contribution.
When you eventually make distributions from the plan, the portion of each distribution that is after-tax basis does not add to your AGI for the year of the distribution.
No, an after-tax contribution does not reduce your AGI. Being included in your AGI is what makes it an after-tax contribution.
When you eventually make distributions from the plan, the portion of each distribution that is after-tax basis does not add to your AGI for the year of the distribution.
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