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Liam, age 40, is an active participant in his employers defined benefit retirement plan, but he would also like to make a deductible contribution to
Liam, age 40, is an active participant in his employers defined benefit retirement plan, but he would also like to make a deductible contribution to a traditional IRA this year. He is married, files a joint return with his wife, and they have an AGI of $121,000 in 2022. What is the traditional IRA contribution reduction amount for Liam? Enter as a number.
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