No. of Recommendations: 0
Question asked..
"Tax filing status is married, filing seperately and my taxable income is around 40,000. Am I eligible for Roth Ira?"

Phil posted...
"No. With this filing status Roth contribution eligibility is completely phased out at $10,000 AGI, and you cannot convert traditional to Roth at any income level."

Oooouchh!. I thought married and filling jointly was bad.

In doing away with the marriage penalty will this be changed?


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