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In 2020, Susan (44 years old) is a highly successful architect and is covered by an employee-sponsored plan. Her husband, Dan (47 years old), however,
In 2020, Susan (44 years old) is a highly successful architect and is covered by an employee-sponsored plan. Her husband, Dan (47 years old), however, is a Ph.D. student and unemployed. Compute the maximum deductible IRA contribution for each spouse in the following alternative situations.
d. Susans salary and her AGI are $83,000. Dan reports $6,200 of AGI (earned income). The couple files separate tax returns
What is the maximum deductible IRA contribution for both Dan and Susan?
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