Sentences with phrase «magi up»

For a Traditional IRA, full deductibility of a contribution is available to active participants whose Modified Adjusted Gross Income (MAGI) is $ 101,000 or less (joint) and $ 63,000 or less (single); partial deductibility for MAGI up to $ 121,000 (joint) and $ 73,000 (single).

In addition, full deductibility of a contribution is available for working or nonworking spouses who are not covered by an employer - sponsored plan whose MAGI is less than $ 186,000 for 2017; partial deductibility for MAGI up to $ 196,000.

For a Traditional IRA, full deductibility of a contribution for 2017 is available to active participants whose 2017 Modified Adjusted Gross Income (MAGI) is $ 99,000 or less (joint) and $ 62,000 or less (single); partial deductibility for MAGI up to $ 119,000 (joint) and $ 72,000 (single).

For 2017, those with MAGI up to $ 186,000 are eligible to make full contributions.

In addition, full deductibility of a contribution is available for working or nonworking spouses who are not covered by an employer - sponsored plan and whose MAGI is less than $ 186,000 for 2017, with partial deductibility for MAGI up to $ 196,000.

For a traditional IRA, full deductibility of a contribution for 2017 for those who participate in an employer - sponsored retirement savings plan is available for those who are married and whose 2017 modified adjusted gross income (MAGI) is $ 99,000 or less, or for those who are single and whose 2017 MAGI is $ 62,000 or less, with partial deductibility for MAGI up to $ 119,000 (joint) or $ 72,000 (single).

For 2018 full deductibility of a contribution is available to active participants whose 2018 Modified Adjusted Gross Income (MAGI) is $ 101,000 or less (joint) and $ 63,000 or less (single); partial deductibility for MAGI up to $ 121,000 (joint) and $ 73,000 (single).

Not exact matches

Whenever you receive Social Security, up to 85 percent of it could be subject to federal income tax depending on your modified adjusted gross income, or 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.

In addition, individuals older than 50 can make catch - up contributions of $ 1,000 (subject to MAGI limits).

For 2017, those with Modified Adjusted Gross Incomes (MAGI) up to $ 118,000 are eligible to make full contributions.

If that were the case, no magi would have ended up in Bethlehem, Jesus would have never mastered the skill of carpentry, and no one would be able to read the Scriptures.

I have the magi mix 5200L and every time I make «snack» treats I can't get it all to chop up well, without adding some water.

For married couples filing jointly, the credit is available for MAGIs of $ 110,000 and is gradually phased out up to a maximum allowable MAGI of $ 130,000.

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 modified adjusted gross income (MAGI) is $ 65,000 or less (if you are single, less than $ 130,000 if married) you can claim a deduction up to $ 4,000.

If your Modified Adjusted Gross Income (MAGI) is less than $ 80,000, or $ 160,000 if married filing jointly, then you can deduct up to $ 4,000 of tuition costs.

# 16 Jeremiah — I'm not 100 % sure (but maybe 98.28 % sure as I'm not a financial guru), but it is based on what you make through the year, so if you've contributed $ 2000 up until June and then your income jumps to a combined 200k yearly, take into account that you will only be making HALF of that 200k in the calendar year (because you'll only get paid that salary from June - December) so it might fall at around 175k for the year — and if that's the case, I'd try to offset your MAGI score by dumping MORE into your 401k to be eligible for the ROTH as long as you can — granted, it's a good problem to have making that kind of $ $ $, and you can still contribute to a Traditional IRA if you're forever over that limit --

You can take the full deduction, up to the amount of your contribution limit, if your MAGI is $ 99,000 or less.

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.

In addition, individuals older than 50 can make catch - up contributions of $ 1,000 (subject to MAGI limits).

If your filing status is single or head of household, and your MAGI for 2018 is $ 120,000 or less (up from $ 118,000 in 2017), you can make a full contribution to your Roth IRA.

On the other hand, aiming for a higher income, which falls beyond the prescribed MAGI range, might speed up the process of repayment more effectively.

For borrowers filing as single, the MAGI range you must have is ideally below $ 65,000, but can stretch up to $ 80,000.

If your modified adjusted gross income (MAGI) is less than $ 120,000 ($ 189,000 if married filing jointly) you can contribute up to the maximum limit.

You could take a partial deduction with an MAGI of up to $ 10,000 only.

The income limits for Roth IRA contributions also increased: single folks with a MAGI less than $ 118,000 can make a full contribution, and this is phased out up to a MAGI of $ 133,000, an increase of $ 1,000 at each end of the range.

In 2017 for example, you can deduct up to $ 2,500 of student loan interest payments if your MAGI is less than $ 65,000.

In 2018, if you are married and filing jointly, you must have modified adjusted gross income (MAGI) under $ 199,000 to contribute up to the limit of $ 5,500 ($ 6,500 for those 50 years of age or older).

I go back and request more funds to be returned, but my MAGI goes up even further.

For 2017, those with Modified Adjusted Gross Incomes (MAGI) up to $ 118,000 are eligible to make full contributions.

The books evoked a generally optimistic, open period in the counterculture, an interest of Ms. Bove's that continues and edges up to mysticism in her fascination with thinkers like Harry Smith and Lionel Ziprin, the old - time hairy magi of the East Village.