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What is the maximum traditional IRA deduction

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Problem - It is 2018. Bob and Nancy are married and file a joint return. They are both under age 50 and employed, with wages of $50,000 each. Their total AGI is $110,000. Neither of them is an active participant in a qualified plan. What is the maximum traditional IRA deduction they can take for the current year?

a. $0

b. $5,500

c. $7,700

d. $11,000

Reference no: EM132667850

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