Guest greggi39 Posted December 30, 2003 Posted December 30, 2003 Is the AGI still applicable to the deduction of an IRA? If so, what is the scale for a single person?
david rigby Posted December 30, 2003 Posted December 30, 2003 Check out IRS Publication 590. http://www.irs.gov/pub/irs-pdf/p590.pdf I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
jevd Posted December 30, 2003 Posted December 30, 2003 AGI only applies if your are covered by a retirement plan at work. For 2003 the phase out limit is between $40K & $50K. For 2004 the Phase out is $45K to $55K. See Publiction 590 at IRS.gov. http://www.irs.gov/pub/irs-pdf/p590.pdf PAX, Your quicker on the trigger. JEVD Making the complex understandable.
Appleby Posted December 30, 2003 Posted December 30, 2003 ...and Deducting IRA Contributions at http://www.investopedia.com/university/ret...ns/ira/ira2.asp Life and Death Planning for Retirement Benefits by Natalie B. Choatehttps://www.ataxplan.com/life-and-death-planning-for-retirement-benefits/ www.DeniseAppleby.com
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