Roth IRA Phaseout Limits
Answer:
The AGI phase-out range for tax payers making contributions to their Roths is between $173,000 and $183,000 for jointly filing couples, a $3,000 increase from 2011. The same increase is true for singles filing. The range is $110,000 to $125,000.
Married individual who file separately and have been actively participating in an employer-sponsored retirement plan should see no changes in the phase-out range. It stayed the same as the previous year: $0 to $10,000.
Married individual who file separately and have been actively participating in an employer-sponsored retirement plan should see no changes in the phase-out range. It stayed the same as the previous year: $0 to $10,000.
Interested in more Tax Law Highlights - 2012 Questions?
- Hurricane Sandy - Federal Disaster Area Designation - 10% killer - Will Congress act
- Teacher's deduction
- 2012 Tax Return Filing Season starts January 30th, 2013
- 2012 - List of Tax Return Forms Causing late filing in late February or March 2013
- Social Security - Allowed earnings - Under full retirement age
