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Ashford, age 45 , is an active participant in his employer's defined benefit retirement plan, but he
would also like to make a deductible contribution to a traditional IRA this year. Ashford is married,
files a joint return with his spouse, and has an AGI of $114,000 in 2021. What is the maximum
deductible contribution that Ashford can make to a traditional IRA?

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Ashford age 45 is an active participant in his employers.pdf

  • 1. Ashford, age 45 , is an active participant in his employer's defined benefit retirement plan, but he would also like to make a deductible contribution to a traditional IRA this year. Ashford is married, files a joint return with his spouse, and has an AGI of $114,000 in 2021. What is the maximum deductible contribution that Ashford can make to a traditional IRA?