Tia is a 52-year-old, unmarried taxpayer who is an active participant in an employer-sponsored qualified...
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Accounting
Tia is a 52-year-old, unmarried taxpayer who is an active participant in an employer-sponsored qualified retirement plan. Before IRA contributions, her AGI is $67,000 in 2018.
- What is the maximum amount she can contribute and the maximum deduction she can receive for a contribution to a traditional IRA?
- What is the maximum amount she can contribute and the maximum deduction she can receive for a contribution to a Roth IRA?
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