Modified AGI limit for traditional IRA contributions increased. For 2002, if you are covered by a retirement plan at work, your deduction for contributions to a traditional IRA will be reduced (ph ased out) if your modified adjusted gross income (AGI) is between:

· $54,000 and $64,000 for a married couple or a qualifying widow(er) filing a joint return,

· $34,000 and $44,000 for a single individual or head of household, or

· $-0- and $10,000 for a married individual filing a separate return.