AN XXX. X. CONTRIBUTION DEDUCTIBILITY FOR TRADITIONAL IRAs – If you are eligible to contribute to your Traditional IRA, the amount of the contribution for which you may take a tax deduction will depend upon whether you (or, in some cases, your spouse) are an active participant in an employer-maintained retirement plan. If you (and your spouse if married) are not an active participant, your entire Traditional IRA contribution will be deductible. If you are an active participant (or are married to an active participant), the deductibility of your contribution will depend on your MAGI and your tax filing status for the tax year for which the contribution was made. MAGI is determined on your income tax return using your adjusted gross income but disregarding any deductible Traditional IRA contribution. Definition of Active Participant – Generally, you will be an active participant if you are covered by one or more of the following employer-maintained retirement plans:
AN XXX xx OLA defining the Global services and the respective minimum quality of service requested by <partner>. M2.1:
AN XXX xx OLA defining the Global services and the respective minimum quality of service requested by BCC.
AN XXX. X. XXX DEDUCTIBILITY - If you have not yet reached the year in which you attain age 70 1/2 and have earned income from services rendered, you may make an XXX contribution of the lesser of 100 percent of compensation or $2,000. However, the amount of the contribution for which you may take a tax deduction will depend upon whether you (or your spouse) are an active participant in an employer-maintained retirement plan. If you (and your spouse) are not an active participant, your XXX contribution will be totally deductible. If you (or your spouse) are an active participant, the deductibility of your contribution will depend on your adjusted gross income (AGI) for the tax year for which the contribution was made. AGI is determined on your tax return (disregarding any deductible XXX contribution). DEFINITION OF ACTIVE PARTICIPANT - Generally, you will be an active participant if you are covered by one or more of the following employer- maintained retirement plans: 1. a qualified pension, profit sharing, 401(k), or stock bonus plan; 2. a qualified annuity plan of an employer; 3. a simplified employee pension (SEP) plan; 4. a retirement plan established by the Federal government, a State, or a political subdivision (except certain unfunded deferred compensation plans under IRC Section 457); 5. a tax sheltered annuity for employees of certain tax-exempt organizations or public schools; 6. a qualified plan for self-employed individuals (H.R. 10 or Xxxxx Plan); and 7. a SIMPLE XXX plan or a SIMPLE 401(k) plan. If you do not know whether your employer maintains one of these plans or whether you are an active participant in it, check with your employer and your tax advisor. Also, the Form W-2 (Wage and Tax Statement) that you receive at the end of the year from your employer will indicate whether you are an active participant. If you are single, your threshold AGI level is $25,000. The threshold level if you are married and file a joint tax return is $40,000, and if you are married but file a separate tax return, the threshold level is $0. If your AGI is less than $10,000 above your threshold level, you will still be able to make a deductible contribution but it may be limited in amount (but never less than $200). The deductible amount of your contribution is determined by taking your threshold AGI level plus $10,000 (e.g., $50,000 if you are married and filing jointly, $35,000 if you are single) and subtracting from it your AGI (determined prior to taking your itemiz...
AN XXX xx OLA defining the Global services and the respective minimum quality of service requested by UFRJ. M2.1:
