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For the year 2013, the individual retirement arrangement, or IRA, contribution started phasing out at the adjusted gross income, or AGI, level of $95,000 for a married couple filing jointly and at $59,000 for single file... More »

www.reference.com Business & Finance Taxes Income Tax

IRA contribution limits in 2013 were $5,500 for those under the age of 50 and $6,500 for those over the age of 50, as stated on nerdwallet.com. This is a total limit on contributions whether the worker has a Traditional ... More »

www.reference.com Business & Finance Financial Planning

The Internal Revenue Service changes Roth Individual Retirement Account contribution limits, which are in $500 increments, based on the rate of inflation, states The Motley Fool. The IRS authorizes increases to contribut... More »

www.reference.com Business & Finance Taxes
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The 2015 income limits for a traditional IRA deduction are $71,000 for single or head of household filers, $10,000 for married filing separately and $118,000 for married filing jointly or qualifying widows/widowers, as s... More »

www.reference.com Business & Finance Financial Planning

When a person younger than 59 and a half withdraws money from an individual retirement arrangement, or IRA, there may be a 10 percent tax on the distributions that are part of the person's gross income during the year of... More »

www.reference.com Business & Finance Financial Planning

Traditional individual retirement account (IRA) income limits vary depending on the investors modified gross income, but the max is $6,500 for those age 50 and older, and $5,500 for investors less than age 50, as stated ... More »

www.reference.com Business & Finance Taxes Income Tax

Traditional IRA deductions are limited to the maximum of the total contribution made, according to the Internal Revenue Service. For the 2015 tax year, contributions are limited to $5,500, and $6,500 for adults over the ... More »

www.reference.com Business & Finance Taxes Income Tax