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Sunnie is single and under the age of 50 and does not actively participate in her employers pension plan. She received taxable compensation of $5,500
Sunnie is single and under the age of 50 and does not actively participate in her employers pension plan. She received taxable compensation of $5,500 in 2021 and $6,000 in 2022. Her modified adjusted gross income was $25,000 in both years. For 2021, she contributed $6,000 to her IRA but deducted only $5,500 on her income tax return. For 2022, she contributed $5,500 but deducted $6,000 on her income tax return. Based on this information, which of the following statements is true
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