A CPA has a client with AGI in excess of $1 million for 2024. He is a business owner with a plan at work but there were no contributions (i.e., employee deferrals, employer contributions, etc.) made to the account in 2024. Can they make a maximum deductible 2024 IRA contribution? My understanding is that, while they are “covered” by a plan at work, the fact that no contributions were made to the plan in the year 2024, and even with their income level, they can make a max contribution in 2024. Is that right?