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George is a 46 year old single individual who wants to deduct his contributions to his Traditional IRA. He currently makes $250,000 in income. How

George is a 46 year old single individual who wants to deduct his contributions to his Traditional IRA. He currently makes $250,000 in income. How much of his IRA contributions is he permitted to deduct under current IRS tax laws?

A. No deduction permitted

B. Partial deduction

C. Full deduction up to the contribution limit

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