Question

The maximum amount of a deductible IRA in 2021 for a taxpayer under the age of 50 is $_____ , and it is a deduction _______ (for/from) AGI.

Answer 1

The maximum amount of a deductible IRA in 2021 for a taxpayer under the age of 50 is $6,000, and it is a deduction from AGI.

Step-by-step explanation:

The maximum amount of a deductible IRA in 2021 for a taxpayer under the age of 50 is $6,000, and it is a deduction from AGI.