DJ is age 27,single,and reported AGI of $68,000 in tax year 2014.He is an active participant in his employer's pension plan.What is the maximum deductible IRA contribution he can make in 2014?

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In 2014, the IRA deduction limit for a single filer who is an active participant in an employer's pension plan begins to phase out at an AGI of $60,000 and is completely phased out at $70,000. DJ's AGI of $68,000 falls within this phase-out range, reducing his maximum deductible contribution.

DJ Is Age 27,single,and Reported AGI of $68,000 in Tax