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10 Traditional IRAs (deductibility of contributions): 11 12 Taxpayer: John and Cindy Taylor 13 Filing Status: Married filing Jointly 14 Age: 40s 15 AGI: $110,000

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10 Traditional IRAs (deductibility of contributions): 11 12 Taxpayer: John and Cindy Taylor 13 Filing Status: Married filing Jointly 14 Age: 40s 15 AGI: $110,000 16 (John participates in a 401(k) at work, but Cindy does not.) 17 18 John: 19 AGI before IRA Deduction 20 Phaseout Threshold 21 Excess AGI 22 Phaseout % (Excess/20,000) 23 Maximum Contribution 24 Deduction Phaseout 25 Deductible Contribution 26

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