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Hi All,

I'm a little confused about how AGI is calculated for purposes of figuring IRA contribution limits. I know the cutoff for a Roth IRA contribution for married couples is $160. Let's say that I make $100K and my wife makes $65K. Let's also assume that we both contribute 10% of our incomes to a company 401(k).

Would our AGI be $165K, thus preventing us from making a Roth contribution? Or would our income be ($165K - 10% = $148,500), thus enabling us to contribute $3K each?


-- Hank
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