Question

 Is the Roth IRA income limit the gross or the taxable income?

Answer The Roth IRA income limit uses your modified adjusted gross income (MAGI). Your MAGI equals your adjusted gross income plus several adjustments you may have claimed--including traditional IRA contr... Read More »
http://www.answerbag.com/q_view/2222217

Top Q&A For: Is the Roth IRA income limit the gross or the t...

Is early distribution from a Roth IRA taxable income?

On One Hand: No Tax on ContributionsIf your withdrawal from your Roth IRA does not exceed the amount of money you have contributed to the account, the withdrawal is not counted as taxable income be... Read More »
http://www.answerbag.com/q_view/2027511

Does the Roth IRA have an income limit?

Roth IRAs have an income limit restricting who can contribute. The amount varies depending on your filing status and adjusts each year for inflation. For 2010, you cannot contribute if you are sing... Read More »
http://www.answerbag.com/q_view/2145925

What is the income limit for a Roth IRA?

The income limit for a Roth IRA varies from year to year. For 2010, you cannot contribute anything to a Roth IRA if you are single and your modified adjusted gross income (MAGI) exceeds $120,000, i... Read More »
http://www.answerbag.com/q_view/2147839

What is the income limit for a couple to open a Roth IRA?

Couples cannot open individual IRAs together. The modified adjusted gross income (MAGI) limit for each spouse to open a separate Roth IRA varies each year with inflation. For 2010, if you are marri... Read More »
http://www.answerbag.com/q_view/2224748


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