WebJan 20, 2024 · Married couples filing jointly also have much higher income cutoffs to be eligible to make Roth IRA contributions. They can contribute to a Roth IRA for 2024 as long as the modified adjusted gross income on their joint return was less than $208,000 ($214,000 for 2024). WebStudent loan interest deduction is capped at $2,500. If you are a Single filer, you are not eligible for the deduction if your total income is greater than $80,000 ($165,000 for married filing jointly). How to use the AGI calculator. Step 1 – Select your filing status Step 2 – Enter all eligible income Step 3 – Input all eligible deductions
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