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re: Bonus - Tax Implications
Posted on 7/3/14 at 1:25 pm to sneakytiger
Posted on 7/3/14 at 1:25 pm to sneakytiger
quote:
Thanks. I'm in a similar situation as the OP and this helps a lot. I do worry about what happens when they close the loophole though... think the IRS would put some sort of "clawback" for the high earners that took advantage of this?
I do this each year and try not worry about future tax code changes. They talk about taxing my 401k in a few years (or more) but I'm still going to max it out for the foreseeable future.
If there were a clawback, wouldn't it only be taxed on the difference between Roth IRA and Traditional IRA?
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