Sal, single and age 72, is a participant of his employers qualified profit sharing plan. For the current year he received a profit-sharing contribution of $1,200. Sal would like to make a deductible IRA contribution. If Sals AGI is $49,000 (comprised of $15,000 of W-2 earnings, and the rest as Social Security and portfolio income), what is th solutionspile.com

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Sal, single and age 72, is a participant of his employers qualified profit sharing plan. For the current year he received a profit-sharing contribution of $1,200. Sal would like to make a deductible IRA contribution. If Sals AGI is $49,000 (comprised of $15,000 of W-2 earnings, and the rest as Social Security and portfolio income), what is the maximum deductible IRA contribution Sal can make for 2019?  solutionspile.com

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