Sentences with phrase «magi between»

Those with MAGI between $ 125,000 and $ 145,000 — or $ 225,000 and $ 245,000 for joint filers — are eligible for a reduced credit.

For 2017, those with MAGI between $ 118,000 and $ 133,000 are eligible to make partial contributions.

In 2016, the interest deduction for student loans phases out for joint filers with MAGI between $ 130,000 and $ 160,000 and for single filers with MAGI between $ 65,000 and $ 80,000.

A partial deduction is available to such filers with MAGI between $ 59,001 - 69,000.4

For 2017, those with MAGI between $ 118,000 and $ 133,000 are eligible to make partial contributions.

Not exact matches

Understanding the difference between your AGI and MAGI will help you determine what tax breaks are available to you.

-- Full deduction if your MAGI is $ 65,000 or less — Partial deduction if your MAGI is between $ 65,000 and $ 80,000 — No deduction if your MAGI is $ 80,000 or more

However, the AOTC for 2017 is phased out for single filers between $ 80,000 of $ 90.000 of MAGI.

If your filing status is single or head of household and your modified adjusted gross income (MAGI) is below $ 62,000, you can contribute up to $ 5,500 ($ 6,500 if you are age 50 or older) pretax in 2017; if your MAGI is between $ 62,000 and $ 72,000, you can make a partially deductible contribution.

All it takes is discovering a small mistake on your taxes a few years after filing to end up with a new MAGI, sudden overcontribution that has been present for years, and having to refile for every tax year between the overcontribution and when you discover the mistake.

If your MAGI falls in between the income levels shown, you'll have to do some math to find your exact amount.

For contributors whose MAGI lies between $ 101,000 and $ 116,000, note that the contribution limit is already phased out.

The tax laws limit the eligibility to contribute to a Roth IRA based on MAGI ranges that are published annually and correspond to your federal tax filing status — if your MAGI is less than the lower limit, you are eligible to contribute up to the annual contribution limit for the year; if your MAGI is between the limits, you are eligible to make a partial Roth IRA contribution; and if your MAGI is above the upper limit you are not eligible to contribute to a Roth IRA.

A partial deduction is available if the couple's MAGI is between $ 95,001 - 115,000.4

A partial deduction can be had if the couple's MAGI is between $ 178,001 - 188,000.

But be aware that if your MAGI is between $ 65,000 and $ 80,000 (if filing as an individual) or $ 130,000 to $ 160,000 (filing jointly), there's a phaseout of the benefit — your maximum deduction will be reduced according to a formula that's explained here.

If an investor's MAGI is between $ 63,000 — $ 73,000, they may be eligible to deduct a partial contribution.

If their combined MAGI is between $ 101,000 — $ 121,000, they may be eligible to deduct a partial contribution.