Does the $20,000 part of the equation ever change in the formula for determining how much of the partial traditional IRA deduction I can claim?
Formula (for married file jointly, both have 401K plan at work):
Non Deductible part of Trad. IRA = ((MAGI / *116,000) / $20,000) x ***13,000
*lower part of MAGI bracket provided by IRA
