DJ is age 27,single,and reported AGI of $69,000 in tax year 2016.He is an active participant in his employer's pension plan.What is the maximum deductible IRA contribution he can make in 2016?

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For 2016, 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 $61,000 and is completely phased out at $71,000. DJ's AGI of $69,000 falls within this phase-out range, allowing a partial deduction. The maximum deductible contribution is reduced proportionally, resulting in a deductible amount of $1,100.

DJ Is Age 27,single,and Reported AGI of $69,000 in Tax