Julie, a single individual, is employed by Dashell Inc. but doesn't participate in any employer-sponsored retirement plan. Julie's annual contribution to her traditional IRA is deductible.

Question

Quizplus · Accepted Answer

Since Julie doesn't participate in any employer-sponsored retirement plan, she can make tax-deductible contributions to her traditional IRA. However, there are income limitations for deducting traditional IRA contributions, so Julie should confirm she meets the eligibility requirements.

Julie, a Single Individual, Is Employed by Dashell Inc