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Assuming you meet full eligibility based on income...

2007 Modified Annual Gross Income (MAGI) limits:

Married Filing Jointly/Qualified widow(er):
- Contribution up to MAGI for MAGI less than $5000/$6000
- Full contribution allowed for MAGI from $5000/$6000 - $156,000
- Partial contribution for MAGI from $156,001 - $166,000
- No contribution allowed for MAGI over $166,000

Married Filing Separately and you lived with your spouse at any time during 2007:
- Partial contribution for MAGI from $1 - $10,000
- No contribution allowed for MAGI over $10,000

All other filing situations:
- Contribution up to MAGI for MAGI less than $5000/$6000
- Full contribution allowed for MAGI from $5000/$6000 - $99,000
- Partial contribution for MAGI from $99,001 - $114,000
- No contribution allowed for MAGI over $114,000

IRS Pub 590 has more details: http://www.irs.gov/pub/irs-pdf/p590.pdf

AJ
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