IRS logo PrintHelpGlossaryReferences
  Miscellaneous Tax Credits
  Qualified Retirement Savings Contributions  PreviousNext

Check Your Knowledge - Question 2 of 2

  Jose and Lucy are married and will file a joint return. Their combined adjusted gross income was $31,000. They each contributed $3,000 to a traditional IRA. They did not receive any distributions and cannot claim any other credits. What is the amount of their retirement savings credit?

Click here to view the Applicable Percentage for Retirement Savings Contributions Credit Table.

Jose and Lucy's retirement savings credit on line 10, Form 8880 $   (Please do not use commas in answer)

Check my answer
 ExitHome  Type your answer in the space provided, then click Check My Answer.  Page 29 of 44  PreviousNext