Sammy, age 31, is unmarried and is not an active participant in a qualified retirement plan.His modified AGI is $55,000 in 2019.The maximum amount that Sammy can deduct for a contribution to a traditional IRA is:
A)$2,800.
B)$3,500.
C)$5,000.
D)$6,000.
E)None of these.

Question

Quizplus · Accepted Answer

For tax year 2019, if Sammy is unmarried and not an active participant in a qualified retirement plan, the maximum amount he can deduct for a contribution to a traditional IRA is $6,000.

Sammy, Age 31, Is Unmarried and Is Not an Active