Concerning individual retirement accounts (IRAs),
I.A single taxpayer that is not an active participant in a qualified plan may deduct up to $6,000 of the annual contribution.
II.A taxpayer that is not working outside of the home may not deduct any amount if their spouse is an active participant in a qualified plan, unless their AGI is below $63,000.

Question

Concerning individual retirement accounts (IRAs),
I.A single taxpayer that is not an active participant in a qualified plan may deduct up to $6,000 of the annual contribution.
II.A taxpayer that is not working outside of the home may not deduct any amount if their spouse is an active participant in a qualified plan, unless their AGI is below $63,000.
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The Answer of Concerning individual retirement accounts (IRAs),
I.A single taxpayer that is not an active participant in a qualified plan may deduct up to $6,000 of the annual contribution.
II.A taxpayer that is not working outside of the home may not deduct any amount if their spouse is an active participant in a qualified plan, unless their AGI is below $63,000.
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Concerning Individual Retirement Accounts (IRAs)