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Reply to "About that max income limit to contribute to a Roth..."
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[quote=Anonymous]We usually contribute max to our Roths but this year is the first year we're going to be flirting with the income limit where contribution limits start to phase out ($181k). Income may be in the mid $180s when it's all said and done, depending on a bonus that may come through. According to something I read, that income limit may be adjusted income and not just gross that makes up that limit but I'm not certain. Does anyone know for sure? I know it's a question we should clarify with our CPA this tax season but I wondered if anyone knew off the top of their head. Thanks![/quote]
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