Jane and Ken are married and file a joint return. Ken's salary in 2019 is $144,000 from his employer Karma Corp. Ken is covered by his employer's pension plan. Jane worked part-time and earned $3,000. She is not covered by her employer's plan. The couple do not itemize their deductions. The are both 48 years old and their adjusted gross income is $162,000. What is the maximum that they can deduct for their contributions to their IRAs?

Elsa divorced in 2018 and received taxable alimony of $33,000 in 2019. In addition, she received $2,000 in earnings from a part-time job. What is the maximum IRA contribution that Olga could have made in 2019 in which she could have deducted on her tax return, assuming that she is 34 and everything was completed on a timely basis?

Jack and Jill are 50 years of age and are married filing jointly. Their 2019 adjusted gross income is $114,000, which includes Jack salary's of $127,000. Jill had no income. Neither spouse was covered by an employer-sponsored pension plan. What could they contribute to IRAs for 2019 in order to take advantage of their maximum allowable IRA deduction on their 2019 tax return?

Amber Borke is a self-employed attorney with a self-employment retirement plan that is a defined contribution plan that covers her and three common-law employees. In the current year, Amber has income of $122,000 and three employees have a total of $62,000 in salaries. Amber must contribute $9,000 to the plan for herself. What is the minimum amount that Amber must contribute to the accounts of her employees under the plan for the current year?

For 2019, deductible contributions to a qualified retirement plan on behalf of a self-employed individual whose income from self-employment is $21,000 are limited to what amount?