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

To be eligible for the saver's credit a taxpayer must contribute to a qualified retirement plan (including IRAs). Further, the credit is phased out completely for high AGI taxpayers.

Which of the Following Taxpayers Is Most Likely to Qualify