I have looked on the IRS publication 590 with no success. It's in Chapter 2.My husband and I made around $160,000 for the year 2007 and funded our ROth's fully. The phase out limit is $156,000. What is the reduced amount I can contribute?I am wondering if there are any loopholes here, because I do not have any type of retirement plan at my job. Also I have paid some tax amount on my student loan. Does this change my MAGI? First, don't panic. If you have overcontributed, you have until October 2008 to fix it.Your student loan interest probably isn't going to help much, if at all. If it is deductible it does reduce Roth MAGI, but the student loan interest deduction has its own MAGI phaseout range, which begins at $110,000 for joint filers.The major piece of missing information is whether you husband made 401(k)-type contributions. Those reduce AGI from your gross pay, so they automatically reduce all MAGIs.Does anyone know the limit for next year? The phaseout begins at $159,000 MAGI.http://www.irs.gov/newsroom/article/0,,id=174873,00.html(It's way to the bottom.)Phil
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