Explain why do you think the irs has put limitations

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Reference no: EM13128860

Most IRA's are deductible from gross income to arrive at adjusted gross income. There are a few exceptions that negate a taxpayer's opportunity to contribute to an IRA and take a deduction for it. What are these exceptions, and why do you think the IRS has put limitations on the amounts we can contribute to these qualified plans? Please discuss and give examples.

Reference no: EM13128860

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