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Use this section to determine an individuals maximum contribution limits set by the IRS for the tax year 2007.  Allowable contributions to a Roth IRA are determined by an individuals income (Modified AGI) and filing status.   

Did you know you can still make contributions to a Roth IRA if:  (1) You are covered by a retirement plan at work,  (2) You are a non-working spouse, or  (3) You are over age 70 1/2? 

Additional Benefits:

1. You may be able to receive a tax credit in addition to a tax deduction when contributing to your Traditional IRA.

2. Were you over the age of 50 before 2008?  You may qualify to contribute an additional $1,000 ($5,000 max) to your Roth IRA

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