During 2024, Bella, a 19-year-old full-time student, earned…
During 2024, Bella, a 19-year-old full-time student, earned $25,000 during the year and was not eligible to participate in an employer-sponsored retirement plan. The general limit for deductible contributions to an IRA during 2024 is $7,000.How much of a tax-deductible contribution can Bella make to an IRA?