Question: make non-taxable contributions from deduction for IRA contributions (up to a max amount that increases every year) = this is a for AGI deduction Please

make non-taxable contributions from deduction for IRA contributions (up to a max amount that increases every year) = this is a "for AGI" deduction Please provide the proper IRC citation for the IRA deduction. Please include in your citation, the deduction amount, the additional amount allowed for taxpayers age 50+ and the cost of living provision that allows for the deduction amount to increase every year. Additionally, please determine the maximum 2020 401k contribution and IRA deduction for the following MFJ taxpayers with AGI of $202,000. Tanya is 52 and participates in her employer's 401k. Tanya's husband Benny is 48 years old, currently unemployed and plans to make the maximum deductible contribution to his own IRA plan. Prepare your calculations in Excel and show all work

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