Question: Tristan is single, aged 4 7 , and an active plan participant. His adjusted gross income, or AGI, for 2 0 2 4 is $

Tristan is single, aged 47, and an active plan participant. His adjusted gross income, or AGI, for 2024 is $82,000. Based on the 2024 phase out range of $77,000-$87,000 for single filers who are active plan participants, how much of a full $7,000 traditional IRA contribution can Tristan deduct for tax purposes, if any for 2024?
$7,000
$0
$5,000
$3,500
Tristan is single, aged 4 7 , and an active plan

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