James and Donna, both age 45, are married and file a joint return. Their adjusted gross income (AGI) in 2020 is $170,000, and James is covered by his employer's pension plan. Donna is not employed, and the couple has no other income. On April 14, 2021, James contributes $6,000 to a traditional IRA for himself and $6,000 to a traditional IRA for Donna for 2020. The maximum allowable IRA deduction on their 2020 joint return is: $4,500. $6,000. $0. $12,000.

James and Donna, both age 45 , are married and file a joint return. Their adjusted gross income (AGI) in 2020 is $170,000, and James is covered by his employer's pension plan. Donna is not employed, and the couple has no other income. On April 14, 2021, James contributes $6,000 to a traditional IRA for himself and $6,000 to a traditional IRA for Donna for 2020 . The maximum allowable IRA deduction on their 2020 joint return is: $4,500. $6,000. $0. $12,000