Skills Warm Up: Retirement Savings Contributions Credit

Question 1 of 1

All of these taxpayers contributed to their employers' 401(k) plan. Who qualifies for the retirement savings credit based on adjusted gross income? If needed, refer to the Retirement Savings Contribution Credit Screening Sheet in the Volunteer Resource Guide.

Ed, who is single and has an AGI of $49,000

Sybil, who is married filing jointly and has an AGI of $52,500

Megan, who is head of household and has an AGI of $65,400

Carl, who is a qualifying surviving spouse and has a modified AGI of $59,250