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Mar 1 2020

#Modified #adjusted #gross #income-Modified adjusted gross income



Modified adjusted gross income

Amount of Roth IRA Contributions That You Can Make For 2019

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This table shows whether your contribution to a Roth IRA is affected by the amount of your modified AGI as computed for Roth IRA purpose.

$193,000 but > $203,000

> $122,000 but $137,000

Amount of your reduced Roth IRA contribution

If the amount you can contribute must be reduced, figure your reduced contribution limit as follows.

  1. Start with your modified AGI.
  2. Subtract from the amount in (1):
    1. $193,000 if filing a joint return or qualifying widow(er),
    2. $-0- if married filing a separate return, and you lived with your spouse at any time during the year, or
    3. $122,000 for all other individuals.
  3. Divide the result in (2) by $15,000 ($10,000 if filing a joint return, qualifying widow(er), or married filing a separate return and you lived with your spouse at any time during the year).
  4. Multiply the maximum contribution limit (before reduction by this adjustment and before reduction for any contributions to traditional IRAs) by the result in (3).
  5. Subtract the result in (4) from the maximum contribution limit before this reduction. The result is your reduced contribution limit.

See Publication 590-A, Contributions to Individual Retirement Accounts (IRAs), for a worksheet to figure your reduced contribution.

Modified adjusted gross income



Modified adjusted gross income

Modified adjusted gross income

Amount of Roth IRA Contributions That You Can Make For 2017
SOURCE: http://www.irs.gov/retirement-plans/amount-of-roth-ira-contributions-that-you-can-make-for-2019 Modified adjusted gross income

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If your filing status is.
married filing jointly or qualifying widow(er)
married filing separately and you lived with your spouse at any time during the year
single, head of household, or married filing separately and you did not live with your spouse at any time during the year