Joe and Jane are both age 45, are married, and filed a joint return for 2018. Joe earned a salary of $130,000 in 2018 and is covered by his employers defined benefit plan. They earned interest of $30,000 in 2018 from a savings account. Jane is not employed and the couple had no other income. On April 15, 2019, Joe contributed $5,500 to a traditional IRA, and Jane contributed $5,500 to a traditional IRA. What is the maximum allowable IRA deduction on their 2018 joint federal income tax return?

$5,500

$11,000

$4,500

$0