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In 2020, Madison is a single taxpayer who is 25 years of age. During 2020, she contributed $3,100 to her employer-sponsored 401(k) account. Her 2020
In 2020, Madison is a single taxpayer who is 25 years of age. During 2020, she contributed $3,100 to her employer-sponsored 401(k) account. Her 2020 AGI was $68,500 (before considering IRA deductions). What is the maximum deductible contribution, if any, that Madison can make to her IRA?
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