Deduction Calculation. If your MAGI is equal to or is less than the applicable Low End number in the chart based on your tax-filing status, then you may deduct your entire regular (including catch-up) IRA contribution. If your MAGI meets or exceeds the High End number, you may not deduct any portion of your contribution. If your MAGI is between the Low End and High End numbers, which is the phaseout range, see your tax or legal professional for assistance in determining your deduction amount. IRS Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs), and the instructions to your federal income tax return also contain helpful calculation information.
Appears in 6 contracts
Samples: Customer Agreement, Customer Agreement, Customer Agreement
Deduction Calculation. If your MAGI is equal to or is less than the applicable Low End number in the chart based on your tax-filing status, then you may deduct your entire regular (including catch-up) IRA XXX contribution. If your MAGI meets or exceeds the High End number, you may not deduct any portion of your contribution. If your MAGI is between the Low End and High End numbers, which is the phaseout range, see your tax or legal professional for assistance in determining your deduction amount. IRS Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs), and the instructions to your federal income tax return also contain helpful calculation information.
Appears in 3 contracts
Samples: Customer Agreement, Customer Agreement, Customer Agreement
Deduction Calculation. If your MAGI is equal to or is less than the applicable Low End number in the chart based on your tax-filing status, then you may deduct your entire regular (including catch-up) IRA XXX contribution. If your MAGI meets or exceeds the High End number, you may not deduct any portion of your contribution. If your MAGI is between the Low End and High End numbers, which is the phaseout range, see your tax or legal professional for assistance in determining your deduction amount. IRS Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs), and the instructions to your federal income tax return also contain helpful calculation information.
Appears in 2 contracts
Samples: Customer Agreement, Customer Agreement
Deduction Calculation. If your MAGI is equal to or is less than the applicable Low End number in the chart based on your tax-filing status, then you may deduct your entire regular (including catch-up) IRA contribution. If your MAGI meets or exceeds the High End number, you may not deduct any portion of your contribution. If your MAGI is between the Low End and High End numbers, which is the phaseout range, see your tax or legal professional for assistance in determining your deduction amount. IRS Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs), and the instructions to your federal income tax return also contain helpful calculation information.
Appears in 2 contracts
Samples: Customer Agreement, Customer Agreement
