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Subject:  roth limitations Date:  12/29/2007  3:22 PM
Author:  Rebeq11 Number:  60576 of 97361

Please help! I can not find this information. I have looked on the IRS publication 590 with no success.

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?

Does anyone know the limit for next year?


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