Which of the following taxpayers is most likely to qualify for the saver's credit?
A)A low-AGI taxpayer who does not contribute to any qualified retirement plan.
B)A low-AGI taxpayer who contributes to her employer's 401(k)plan.
C)A high-AGI self-employed taxpayer.
D)A high-AGI employee who does not contribute to any qualified retirement plan.

Question

Quizplus · Accepted Answer

The saver's credit is available to taxpayers with low to moderate income who contribute to a qualified retirement plan, such as a 401(k) plan. Option B is the only choice where the taxpayer contributes to a qualified retirement plan and has a low AGI.

Which of the Following Taxpayers Is Most Likely to Qualify