Jill is single,age 27,and reported AGI of $62,000 in tax year 2014.She is an active participant in her employer's pension plan.What is the maximum deductible Roth IRA contribution she can make in 2014?

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Jill's participation in her employer's pension plan affects the income limits for deductible contributions to a traditional IRA. Because she reported AGI of $62,000, she does not meet the income requirements for a deductible contribution. Additionally, as an active participant in a pension plan, she cannot make a deductible contribution to a traditional IRA. Therefore, she cannot make a deductible contribution to either a traditional or Roth IRA in 2014.

Jill Is Single,age 27,and Reported AGI of $62,000 in Tax