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How much can Myers deduct

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Problem - Myers, who is single, has compensation income of $71,000 in 2019. He is an active participant in his employer's qualified retirement plan. Myers contributes $6,000 to a traditional IRA. Of the $6,000 contribution, how much can Myers deduct? Phaseout of IRA Deduction of an Active Participant in 2019.

Reference no: EM132673218

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