Sentences with phrase «whose magi»

In addition, full deductibility of a contribution is available for a working person who is not an active participant in an employer - sponsored retirement plan and is married to someone who is an active participant whose MAGI is less than $ 189,000.

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

The credit is not available for single taxpayers whose MAGI is greater than $ 145,000 and married couples with a MAGI over $ 245,000.

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.

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.

Who Can Contribute: Any individual whose MAGI is below $ 110,000 (or $ 220,000 if married filing jointly), including the beneficiary

Not exact matches

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).

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).

Another possible strategy would be to shift some of your investments with taxable earnings into municipal bonds and municipal bond funds, whose earnings are excluded from the MAGI and the net investment income calculation.

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).

Individuals whose income does not exceed the modified adjusted gross income (MAGI) limits may contribute to a Roth IRA.

The most significant impacts I have seen at this point are for married couples whose modified adjusted gross income MAGI exceeds $ 250,000 and individuals whose incomes exceed $ 200,000.

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).

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.