Retirement Savings Contribution Credit

Retirement Savings Contribution Credit

To claim this credit in 2024, the taxpayer's modified adjusted gross income (MAGI) must not be more than $38,250 for Single, Married Filing Separately, or Qualifying Surviving Spouse (increase of $1,750). MAGI must not be more than $57,375 (increase of $2,625) for Head of Household, and $76,500 (increase of $3,500) for Married Filing Jointly.