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Maria and Felix are married taxpayers (age 37 and 39) who file a joint return. During 2022, they each made the maximum contributions to
Maria and Felix are married taxpayers (age 37 and 39) who file a joint return. During 2022, they each made the maximum contributions to IRA accounts. Maria is covered by an employer-maintained retirement plan while Felix is not covered. Before considering the IRA contributions, they had adjusted gross income of $121,000. Determine their deduction for IRA contributions for 2022.
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To determine the deduction for IRA contributions for Maria and Felix for the tax year 2022 we need to consider their eligibility based on their adjust...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
