Myers, who is single, has compensation income of $69,000 in 2017. He is an active participant in
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See Exhibit 19.3, Phaseout of IRA Deduction of an Active Participant in 2017.
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Phaseout Begins* AGI Filing Status Single and head of household Married, filing joint return Married, filing separate return Phaseout Ends $ 72,000 119,000 10,000 $62,000 99,000 -0-
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For 2017 the contribution ceiling is the smaller of 5500 or 11000 for spousal IRAs or 00 of compensa...View the full answer
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Related Book For
South Western Federal Taxation Individual Income Taxes 2018
ISBN: 9781337385893
41st Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen
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