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Sam, age 45, is an active participant in his employers defined benefit retirement plan, but he would also like to make a deductible contribution to
Sam, age 45, 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. Sam is married, files a joint return with his wife, and has an AGI of $117,000 in 2022. What is the traditional IRA contribution reduction amount?
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