7 Ways to Reduce Your Income to Qualify for Roth IRA Contributions

If you're just above the income cutoff to qualify for Roth IRA contributions, these strategies will help you meet it.

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Is your income too high to qualify for Roth IRA contributions? There is still time to lower your taxable income from last year and make a contribution. Making other changes may also help reduce this year's taxable income when it comes time to file next year.

Do I qualify for Roth IRA contributions?

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Kimberly Lankford
Contributing Editor, Kiplinger's Personal Finance

As the "Ask Kim" columnist for Kiplinger's Personal Finance, Lankford receives hundreds of personal finance questions from readers every month. She is the author of Rescue Your Financial Life (McGraw-Hill, 2003), The Insurance Maze: How You Can Save Money on Insurance -- and Still Get the Coverage You Need (Kaplan, 2006), Kiplinger's Ask Kim for Money Smart Solutions (Kaplan, 2007) and The Kiplinger/BBB Personal Finance Guide for Military Families. She is frequently featured as a financial expert on television and radio, including NBC's Today Show, CNN, CNBC and National Public Radio.

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