Tucker (age 52)and Elizabeth (age 48)are a married couple.Tucker is covered under a qualified retirement plan at his job and earned $90,000 in 2017.Elizabeth is employed as a lab technician and earned $30,000 but is not covered under a qualified retirement plan.They file a joint return; have interest and dividend income of $25,000.What is the maximum amount of tax deductible contributions that may be made to a traditional IRA?

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C)Elizabeth may contribute and deduct $5,500 to a traditional IRA because their AGI is less than $186,000.However,Tucker may not make a deductible contribution because he is covered under a qualified plan and their AGI exceeds $119,000.

Tucker (Age 52)and Elizabeth (Age 48)are a Married Couple