$202410$ Hour Federal Tax Law

Lesson $5$

Question $31$

In $2024,$ Sebastian who works at a retail store, is married and earned $$41,000.$ Sebastian's spouse was unemployed and did not have any earnings. During the year, Sebastian contributed $$2,000$ to his IRA. After deducting his IRA contribution, the adjusted gross income shown on his joint return is $$39,000.$ Sebastian may claim a Retirement Savings Contributions Credit $($Saver$\text{'}$s Credit$)$ for what amount on his $2024$ tax return?

$A.$ $$0$

$B.$ $$1,000$

$C.$ $$1,500$

$D.$ $$2,000$

I$$PREVIOUS

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