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Community: Investing Wiki

Term Of The Hour

married MAGI limits: Original post by Mark Kennan of Demand Media The Internal Revenue Service (IRS) restricts your ability to contribute to a Roth IRA each year based on your modified adjusted gross income (MAGI), not your adjusted gross income (AGI). If you are married and want to make a contribution to your Roth IRA, you need to make sure your modified adjusted gross income falls below the annual limits. The IRS…

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