Skip to Content

My modified adjusted gross income (MAGI) falls within the phase-out range for Roth contribution eligibility? How do I determine.........

Last Updated April 15, 2013

Question: 

My modified adjusted gross income (MAGI) falls within the phase-out range for Roth contribution eligibility? How do I determine the amount I am eligible to contribute?

Answer: 

If you use tax-preparation software, it should calculate the amount that you are eligible to contribute. If you want to calculate the amount manually, use the following steps:

  1. Subtract the lower dollar amount in the range from your MAGI.
  2. Divide the result by the difference between the lower amount in the range and the higher amount in the range.
  3. Multiply the result by the maximum contribution amount in effect for you for the year.
  4. Subtract the result from the maximum contribution amount

The result is the amount you are allowed to contribute to a Roth IRA. 

 

See Roth IRA Definition for limits and ranges