What is the maximum IRA deduction for an individual under age 50?

The maximum IRA deduction for an individual under the age of 50 is indeed $6,000. This limit applies to contributions to traditional IRAs and is adjusted periodically for inflation, but as of the tax years leading up to 2023, the figure has been set at $6,000 for those under 50.

For individuals 50 and older, there is a "catch-up" contribution provision that allows an additional amount, bringing the total deductible contribution to $7,000. This provision is designed to help those nearing retirement maximize their savings. However, since the question specifically asks about individuals under age 50, the correct maximum IRA deduction is firmly at $6,000. Therefore, the answer reflects the current tax guidelines for IRA contributions for individuals in that age category.