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Aaron files as a single taxpayer and does not participate in a qualified retirement plan...

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Accounting

Aaron files as a single taxpayer and does not participate in a qualified retirement plan at work. His modified AGI was $69,600 in Year 1. He contributed $5,000 to his conventional IRA. How much IRA contribution can he deduct in Year 1?

For this question only, use the following IRA phase-out range to calculate any IRA deduction:

Single: b/t $62k and $72k.

MFJ: b/t $99k and $119k.

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