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The taxpayer is MFJ (Age 40), with an AGI of $199,000 and is not an active participant in an employer sponsored plan, but the taxpayers
The taxpayer is MFJ (Age 40), with an AGI of $199,000 and is not an active participant in an employer sponsored plan, but the taxpayers spouse is an active participant. (Assume 2020 tax year)
Calculate the taxpayers maximum deduction for a Traditional IRA contribution.
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