Sophia and Grace, both age 42, are married, file a joint tax return, and have a combined AGI of $109,000. Sophia participates in her company's 401(k) plan, but Grace's employer does not offer a retirement plan. What is the maximum deductible IRA contribution for Sophia and Grace in 2021?

 

Answer rating: 100% (QA)

In 2021 the maximum IRA contribution limit for individuals under 50 years old was 6000 Since both So... View the full answer