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As you might expect, there is a phaseout range for contributions from $95,000 to $110,000 for singles and from $190,000 to $220,000 for joint filers. If you fall within the range, your contribution is limited. Take the amount by which your modified AGI exceeds the lower limit of the phaseout range that applies to you, and divide it by $15,000 (or by $30,000 in the case of a joint return). The result will be a fraction that should be multiplied by $2,000 to determine the amount of the contribution you can't make.