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posted Jun 4, 2019 4:27:52 PM

Do 401K contributions reduce my MAGI? Specifically, I would like to reduce my MAGI to extend the amount of time I am below the ROTH IRA MAGI limits.

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1 Replies
Level 15
Jun 4, 2019 4:27:54 PM

Yes they do since they naturally  reduce your taxable wages reported on line 7 of the form 1040.