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Old 04-11-2017, 11:34 PM
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Join Date: Apr 2017
Posts: 1
IRA contribution to avoid obamacare penality

I was on obamacare for most of last year and my adjusted gross income line 38 is over the level allowed for credit. This is costing me $5000 in tax penalty. If I use IRA contributions I can reduce the adjusted gross to under the level allowed and not have the $5000 tax. Any issue doing this?

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