uct ible ." ▁ ▁If ▁a ▁tax p ayer ' s ▁household ▁particip ates ▁in ▁one ▁or ▁more ▁employ er - sp ons ored ▁ret irement ▁plans , ▁then ▁the ▁ded uct ibility ▁of ▁traditional ▁I RA ▁contributions ▁are ▁ph ased ▁out ▁as ▁specified ▁income ▁levels ▁are ▁reached ▁( Mod ified ▁Ad just ed ▁G ross ▁In come ▁is ▁between ). ▁ ▁The ▁lower ▁number ▁represents ▁the ▁point ▁at ▁which ▁the ▁tax p ayer ▁is ▁still ▁allowed ▁to ▁ded uct ▁the ▁entire ▁maximum ▁year ly ▁contribution . ▁The ▁upper ▁number ▁is ▁the ▁point ▁as ▁of ▁which ▁the ▁tax p ayer ▁is ▁no ▁longer ▁allowed ▁to ▁ded uct ▁at ▁all . ▁The ▁dedu ction ▁is ▁reduced ▁proportion ally ▁for ▁tax pay ers ▁in ▁the ▁range . ▁Note ▁that ▁people ▁who ▁are ▁married ▁and ▁lived ▁together , ▁but ▁who ▁file ▁separately , ▁are ▁only ▁allowed ▁to ▁ded uct ▁a ▁relatively ▁small ▁amount . ▁ ▁To ▁be ▁el ig ible , ▁you ▁must ▁meet ▁the ▁earned ▁income ▁minimum ▁requirement . ▁In ▁order ▁to ▁make ▁a ▁contribution , ▁you ▁must ▁have ▁tax able ▁compens ation ▁( not ▁tax able ▁income ▁from ▁invest ments ). ▁If ▁you ▁make ▁only ▁$ 2 0 0 0 ▁in ▁tax able ▁compens ation , ▁your ▁maximum ▁I RA ▁contribution ▁is ▁$ 2 0 0 0 . ▁ ▁Con ver ting ▁a ▁Trad itional ▁I RA ▁to ▁a ▁Roth ▁I RA ▁Con version ▁of ▁all ▁or ▁a ▁part ▁of ▁a ▁Trad itional ▁I RA ▁account ▁to ▁a ▁Roth ▁I RA ▁results ▁in ▁the