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Anthony (30) will use the single filing status for 2021. His only income for the year was from wages. In early 2022, he received the
Anthony (30) will use the single filing status for 2021. His only income for the year was from wages. In early 2022, he received the following Form W-2 from his employer. He comes to you to have his taxes prepared, and he tells you he would like to contribute to a traditional IRA for 2021, but only if he is eligible to deduct the amount. He has no other adjustments to income. What is the largest amount Anthony can contribute and deduct if he makes the IRA contribution before the filing deadline? (Answer choices are below the image.) |
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