Sentences with phrase «joint magi»

The full credit is available to individual filers with a MAGI of $ 80,000 or less and married joint filers with joint a MAGI of $ 160,000 or less.

Not exact matches

The phase - out range for 2017 is $ 56,000 to $ 66,000 of MAGI for single filers and $ 112,000 to $ 132,000 for joint filers.

Joint filers with MAGI from $ 189,000 to $ 198,999 ($ 120,000 to $ 134,999 for singles) are eligible to make reduced contributions.

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).

If you, or your spouse, if filing a joint tax return, have earned income, you are eligible to contribute to a Roth IRA as long as your MAGI is at or below the phase - out limits.

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 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).

The tax return form and IRS Publication 915 contain the rules for calculating the MAGI when the filing status is married, the couple file a joint return and only one of them receives Social Security benefits.

However, if your modified adjusted gross income (MAGI) is less than $ 80,000 ($ 160,000 if filing a joint return), there is a special deduction allowed for paying interest on a student loan (also known as an education loan) used for higher education.

Married couples who file a joint return can file for the full credit if they have MAGI of less than $ 150,000.

If you file a joint return or use the qualifying widow (er) status, your MAGI (as of publication date) has to be more than $ 250,000

For 2018, if you are not covered by a retirement plan at work, but your spouse is, and you file a joint tax return, your traditional IRA contribution is fully deductible if your MAGI is $ 189,000 or less.

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.

You have a modified adjusted gross income (MAGI) of less than $ 80,000 as a single taxpayer, or $ 160,000 if you are filing a joint return.

For 2017, this tax break begins to phase out at $ 117,250 of modified adjusted gross income (MAGI) for married joint filers ($ 78,150 for single taxpayers).

In order for a couple to file under the Joint Filing case, their modified adjusted gross income (MAGI) must not exceed $ 150,000.

Married, Joint: MAGI must be less than $ 194,000.

Must have MAGI (Modified Adjusted Gross Income) under certain thresholds (see «Single Filers» or «Joint Filers» for additional information).

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).

Joint filers with MAGI from $ 189,000 to $ 198,999 ($ 120,000 to $ 134,999 for singles) are eligible to make reduced contributions.

The IRS states that the full credit is available to individuals whose modified adjusted gross income (MAGI) is $ 80,000 or less — or $ 160,000 or less for married couples filing a joint return.

However, eligibility to contribute to a Roth IRA phases out for joint filers with a MAGI of $ 186,000 to $ 196,000 in 2017 ($ 189,000 to $ 199,000 in 2018).

However, if one or both are active participants, tax deductibility for joint filers phases out at a modified adjusted gross income (MAGI) of $ 99,000 to $ 119,000 for a participating spouse and $ 186,000 to $ 196,000 for a nonparticipating spouse in 2017.

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

Tax credit begins to phase out for modified adjusted gross income (MAGI) over $ 125,000 (or $ 225,000 for joint filers).