I 5000 if under age 50 at the end of 2010 ii 6000 if

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i. $5,000, if under age 50 at the end of 2010. ii. $6,000, if age 50 or older but under age 70½ at the end of 2010. IRA Deduction Worksheet--Line 32 (continued) Form 1040 -- Line 32 Your IRA Spouses IRA 7. Multiply lines 6a and 6b by the percentage below that applies to you. If the Single, HOH, MFS 0 result is not a multiple of $10, increase it to the next multiple of $10 (for MFJ, QWidow(er) 0 0 example, increase $490.30 to $500). If the result is $200 or more, enter the result. But if it is less than $200, enter $200. 0.60 0.60 Single, head of household, or married filing separately, multiply by 50% (.50)(or by 60% (.60) in the column for the IRA of a person who is age 50 or older at the end of 2010) . . . . . . . . . . . . . . . . . . . . . . . 7a. 7b. Married filing jointly or qualifying widow(er), multiply by 25% (.25) (or by 30% (.30) in the column for the IRA of a person who is age 50 or older at the end of 2010). But if you checked “No” on either line 1a or 1b, then in the column for the IRA of the person who was not covered by a retirement plan, multiply by 50% (.50) (or by 60% (.60) if age 50 or older at the end of 2010) 8. Enter the total of your (and your spouse’s if filing jointly): Wages, salaries, tips, etc. Generally, this is the amount reported in box 1 of Form W-2. See page 29 for exceptions Alimony and separate maintenance payments reported on Form 8. 0 1040, line 11 Nontaxable combat pay. This amount should be reported in box 12 of Form W-2 with code Q 9. Enter the earned income you (and your spouse if filing jointly) received as a self-employed individual or a partner. Generally, this is your (and your spouse’s if filing jointly) net earnings from self-employment if your personal services were a material income-producing factor, minus any deductions on Form 1040, lines 27 and 28. If zero or less, enter -0-. For more details, see Pub. 590 9. 10. Add lines 8 and 9 10 0 If married filing jointly and line 10 is less than $10,000 ($11,000 if one spouse is age 50 or older at the end of 2010; $12,000 if both spouses are age 50 or older at the end of 2010), see Pub. 590 to figure your IRA deduction. 12000 11. Enter traditional IRA contributions made, or that will be made by April 18, 2011, for 2010 to your IRA on line 11a and to your spouse’s IRA on line 11b. 11a. 11b. 12. 0.00 0.00 of line 7b, 10, or 11b. This is the most you can deduct. Add the amounts on lines 12a and 12b and enter the total on Form 1040, line 32. Or, if you want, you may deduct a smaller amount and treat the rest as a nondeductible contribution (see Form 8606). 12a. 0 12b. Amount entered on Form 1040, line 32 --> 0 as nondeductible contributions. Do not complete this worksheet for anyone age 70½ or older at the end of Next. If you checked “No” on line 1a (and “No” on line 1b if married filing jointly), Single, head of household, or married filing separately and you lived apart Subtract line 5 from line 2 in each column. Follow the instruction below Otherwise, go to line 7. . . . . . . . . . . . . . . Otherwise, go to line 7. . . . . . . . . . . . . . .

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