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Instructions to Use the IRA Deduction Calculator

To use the calculator, simply input your gross income, filing status, and any other relevant financial information. The calculator will determine if you qualify for a full or partial IRA deduction.

IRA Deduction Phase Out Calculator

Use this calculator to find out how much of your IRA contribution is deductible. Depending on your income and filing status, the deductible amount may be reduced or eliminated.

Reduced Roth IRA Contribution Calculator

This calculator helps you determine your reduced Roth IRA contribution limits based on your Modified Adjusted Gross Income (MAGI). Enter your MAGI and filing status to see your contribution limit.

MAGI Calculator for Roth IRA

Calculate your Modified Adjusted Gross Income (MAGI) to see if you are eligible to contribute to a Roth IRA. Knowing your MAGI is essential for accurate financial planning.

FAQ

What is the IRA deduction phase out?

The IRA deduction phase out refers to the gradual reduction of the tax-deductible amount of your IRA contributions as your income increases.

How do I calculate my MAGI for Roth IRA?

To calculate your MAGI, start with your Adjusted Gross Income (AGI) and add back any deductions or credits that are not allowed for MAGI purposes.

Can I contribute to a Roth IRA if my income is too high?

If your income exceeds the limits, you may not be eligible to contribute directly to a Roth IRA, but you can consider a backdoor Roth IRA conversion.