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Each of these taxpayers made $1,000 in contributions to a 401(k) account during 2021. They did not take any distributions from retirement accounts during the
Each of these taxpayers made $1,000 in contributions to a 401(k) account during 2021. They did not take any distributions from retirement accounts during the testing period. Which Saver's Credit amount is correct? Wendy is married and files separately from her spouse. Her MAGI is $20,000 and her Saver's Credit is $200. Melissa is single with no dependents. Her MAGI is $35,000 and her Saver's Credit is $100. Isaiah uses the head of household filing status. His MAGI is $35,000 and his Saver's Credit is $500. Jeremy is single with no dependents. His MAGI is $30,000 and his Saver's Credit is $0
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