_____ 23.Qualifying low income wage earners may not only deduct their IRA contributions but they may take a credit for their contribution.

Question

Quizplus · Accepted Answer

This is true. Low-income earners who qualify can take advantage of the Retirement Savings Contributions Credit, also known as the Saver's Credit, which allows them to receive a tax credit for their IRA contributions in addition to deducting the contribution from their taxable income.

_____ 23Qualifying Low Income Wage Earners May Not Only Deduct Their