Modified AGI definition

Modified AGI means adjusted gross income
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Modified AGI means an Investor’s adjusted gross income as defined in Section 219(g)(3) of the Code but, for purposes of determining the income limits on contributions to a Xxxx XXX, excluding any amount included in adjusted gross income as a result of a conversion from a Traditional IRA to a Xxxx XXX.
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Modified AGI for any taxable year, shall mean adjusted gross income as determined under Section 219(g)(3) of the Code, except that such term shall not include (a) any amount included in federal adjusted gross income under Section 408A(d)(3) of the Code as a result of a Qualified Rollover Contribution or a Direct Transfer to a Roth IRA from an IRA which is not a Roth IRA, or (b) for any taxable year beginning after December 31, 2004, for purposes of Section 2.3, any amount included in gross income for federal income tax purposes by reason of a distribution required to be made from an IRA under Section 408(a)(6) or (b)(3) of the Code.
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Examples of Modified AGI in a sentence

  • If you (or where applicable, your spouse) are an “active participant” in an employer- sponsored retirement plan, you can refer to IRS Publication 590-A: Figuring Your Modified AGI and Figuring Your Reduced IRA Deduction to calculate whether your contribution will be fully or partially deductible.

  • The credit cannot exceed Modified AGI (MAGI)* Single Married, Filing Jointly Married, Filing Separately** Moving Assets To and From Xxxx IRAs. There are a variety of transactions that allow you to move your retirement assets to and from your Xxxx IRAs. We have sole discretion on whether we will accept, and how we will process, movements of assets to and from Xxxx IRAs. We or any other financial organizations involved in the transaction may require documentation for such activities.

  • Conversion from a Traditional IRA or an Employer Plan to a Xxxx XXX – Prior to 2010, you are permitted to make a qualified rollover contribution from a traditional IRA or an employer plan to a Xxxx XXX if your Modified AGI (not including the taxable amount converted) for the year during which the distribution is made does not exceed $100,000 and you are not a married person filing a separate tax return.

  • By our choice of frame, for j > 1 17That is, the manifold admits C2 charts for which the metric tensor coefficients are also C2functions18These are the eigenvalues of the second fundamental form of a submanifold which indicate the bending of the submanifold relative to the ambient manifold’s curvature.19Here, TxM is the vector space of all tangent vectors to M at x.

  • The deductibility of regular IRA contributions depends upon your marital status, tax filing status, whether or not you are an "active participant" and your Modified AGI.

  • If you (or where applicable, your spouse) are an “active participant” in an employer- sponsored retirement plan, you can refer to IRS Publication 590-A: Figuring Your Modified AGI and Figuring Your Reduced IRA Deduction to calculate whether your contribution will be fully or partially deductible.Even if your income exceeds the limits described above, you may make a contribution to your IRA up to the contribution limitations described in Section 3.

  • Married Active Participant Filing a Separate Return (who lived together at any time during the year) - If you have a separate Modified AGI of more than $10,000 no deduction is permitted if either you or your spouse was an active participant for the year.

  • Response Rate: The email survey response rate is approximately 5-7% for typical research.

  • If your Modified AGI is between certain amounts, you are entitled to a partial deduction.

  • If your filing status is Married Filing Jointly or Qualifying Widow(er) and your Modified AGI is...


More Definitions of Modified AGI

Modified AGI means AGI determined without regard to certain losses and increased by certain amounts not includible in gross income. The losses disregarded are: (1) net capital losses (up to $3,000); (2) net losses from estates and trusts; (3) net losses from nonbusiness rents and royalties; (4) 75 percent of the net losses from businesses, computed separately with respect to sole proprietorships (other than farming), farming sole proprietorships and other businesses. For purposes of (4), amounts attributable to a business that consists of the performance of services by the taxpayer as an employee are not taken into account. The amounts added to adjusted gross income to arrive at modified adjusted gross income include: (1) tax-exempt interest; and (2) nontaxable distributions from pensions, annuities, and individual retirement plans (but not nontaxable rollover distributions or trustee-to-trustee transfers). Sec. 32(c)(5).
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Modified AGI means, for a taxable year, the Owner’s federal adjusted gross income according to the definition in Section 408A(c)(3)(C)(i) of the Code and does not include any amount included in adjusted gross income as a result of a Qualified Rollover Contribution from a non-XXXX XXX (a “conversion”).
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Modified AGI means your modified adjusted gross income for a year, as defined in Code section 408A(c)(3) (C)(i), but not including any amount included in adjusted gross income as a result of a rollover from a Traditional IRA (or, beginning in 2009, from an eligible retirement plan described in Code section 402(c)(8)(B)) to a Roth IRA (a “conversion”).
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Modified AGI for the purpose of a Xxxx XXX contribution means your AGI for the year (as defined in item 4(c)) minus any income from converting Traditional IRAs into Xxxx IRAs. $3,000 - Excess Modified AGI x $3,000 = Maximum If you are age 50 or over, $3,500 replaces $3,000 in the formulas above. The third step is to adjust your result by rounding the result down to the next lower $10 level (the next lower number which ends in zero). For example, if the result is $1,525, you must round it down to $1,520. If the final result is between $0 and $200, the maximum Xxxx XXX con- tribution is $200.
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Modified AGI means your modified adjusted gross income for a Year, as defined in Code section 408A(c)(3)(C)(i), but not including any amount included in adjusted gross income as a result of a rollover from a Traditional IRA to a Xxxx XXX (a “conversion”).
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Related to Modified AGI

  • Modified Asset Any Serviced Loan as to which any Servicing Transfer Event has occurred and which has been modified by the Special Servicer pursuant to Section 3.24 of this Agreement in a manner that:

  • Specified Agreement is defined in Section 8.1(e) of the Agreement.

  • Modified Version of the Document means any work containing the Document or a portion of it, either copied verbatim, or with modifications and/or translated into another language.

  • Modified EDFR means a reference rate equal to the EDFR plus the EDFR Spread;

  • genetically modified organism has the meaning given to that term in the Gene Technology Xxx 0000 (Cth).

  • Specified Agreements means agreements relating to the following matters, namely:

  • Specified Asset as defined in subsection 4.2.2 hereof.

  • Modified or related words shall have meanings correlative thereto.

  • long term specified asset means any bond, redeemable after three years and issued on or after the 1st day of April 2006:

  • Modified Eligible Transferee means any bank, financial institution or other entity which is regularly engaged in or established for the purpose of making, purchasing or investing in loans, securities and other financial assets.

  • Modified adjusted gross income means “federal adjusted gross income”:

  • Substance use disorder means a cluster of cognitive,

  • specified area (“ardal benodedig”) means an area which is specified in a condition to the service provider’s registration as a place in relation to which the service is to be provided;

  • Existing manufactured home park or subdivision means a manufactured home park or subdivision for which the construction of facilities for servicing the lots on which the manufactured homes are to be affixed (including, at a minimum, the installation of utilities, the construction of streets, and either final site grading or the pouring of concrete pads) is completed before the effective date of the floodplain management regulations adopted by a community.

  • Specified Action has the meaning set forth in Section 3.4.2.

  • Annual Specified Amount means $400,000 escalated on each Anniversary Date by the percentage by which the CPI last published prior to such Anniversary Date has increased over the CPI last published prior to the grant of the Burswood Casino Licence.

  • Notified Action shall have the meaning set forth in Section 7.04(a) of this Agreement.

  • Specified Amount of a Component Currency shall mean the number of units of such Component Currency or fractions thereof which were represented in the relevant currency unit on the Conversion Date. If after the Conversion Date the official unit of any Component Currency is altered by way of combination or subdivision, the Specified Amount of such Component Currency shall be divided or multiplied in the same proportion. If after the Conversion Date two or more Component Currencies are consolidated into a single currency, the respective Specified Amounts of such Component Currencies shall be replaced by an amount in such single currency equal to the sum of the respective Specified Amounts of such consolidated Component Currencies expressed in such single currency, and such amount shall thereafter be a Specified Amount and such single currency shall thereafter be a Component Currency. If after the Conversion Date any Component Currency shall be divided into two or more currencies, the Specified Amount of such Component Currency shall be replaced by amounts of such two or more currencies, having an aggregate Dollar Equivalent value at the Market Exchange Rate on the date of such replacement equal to the Dollar Equivalent of the Specified Amount of such former Component Currency at the Market Exchange Rate immediately before such division, and such amounts shall thereafter be Specified Amounts and such currencies shall thereafter be Component Currencies. If, after the Conversion Date of the relevant currency unit, a Conversion Event (other than any event referred to above in this definition of “Specified Amount”) occurs with respect to any Component Currency of such currency unit and is continuing on the applicable Valuation Date, the Specified Amount of such Component Currency shall, for purposes of calculating the Dollar Equivalent of the Currency Unit, be converted into Dollars at the Market Exchange Rate in effect on the Conversion Date of such Component Currency.

  • Existing Manufactured Home Park or Manufactured Home Subdivision means a manufactured home park or subdivision for which the construction of facilities for servicing the lots on which the manufactured homes are to be affixed (including, at a minimum, the installation of utilities, the construction of streets, and either final site grading or the pouring of concrete pads) was completed before the initial effective date of the floodplain management regulations adopted by the community.

  • Residential living care means a level of service provided by an assisted living facility for adults who may have physical or mental impairments and require only minimal assistance with the activities of daily living. The definition of "residential living care" includes the services provided by independent living facilities that voluntarily become licensed.

  • Specified anatomical areas means and includes:

  • low protein modified food product means a food product that is specially formulated to have less than one gram of protein per serving and is intended to be used under the direction of a Practitioner for the dietary treatment of an inherited metabolic disease, but does not include a natural food that is naturally low in protein; and

  • Specified Assets the following property and assets of such Grantor:

  • Qualified agricultural property means that term as defined in section 1211 of the revised school code, MCL 380.1211.

  • Specified Affiliate is any Person (a) more than ten percent (10.0%) of whose aggregate issued and outstanding equity or ownership securities or interests, voting, non-voting or both, are owned or held directly or indirectly, beneficially or of record, by Borrower, and/or (b) whose equity or ownership securities or interests representing more than ten percent (10.0%) of such Person’s total outstanding combined voting power are owned or held directly or indirectly, beneficially or of record, by Borrower.

  • LD or L/D means Liquidated Damages"LD or L/D" means Liquidated Damages "LSI" means Large Scale Industry"LSI" means Large Scale Industry