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What is the maximum deductible amount each may contribute

John and may lucy are married filing jointly and wish to contribute to separate traditional IRA accounts. May works as a teacher and earns $90,000 in 2016 and John earns $50,000 and is not covered by a retirement plan, May is covered by a qualified plan at work. what is the maximum deductible amount each may contribute to an IRA in 2016

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Accounting Basics: What is the maximum deductible amount each may contribute

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