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Penny is 57 years old and she participates in her employers 401(k) plan. During the year, she contributed $2,000 to her 401(k) account. Pennys AGI
Penny is 57 years old and she participates in her employers 401(k) plan. During the year, she contributed $2,000 to her 401(k) account. Pennys AGI is $27,000 after deducting her 401(k) contribution. |
What is Pennys 2014 savers credit in each of the following alternative scenarios? |
a. | Penny is not married and has no dependents. |
b. | Penny files as a head of household and she has three dependents. |
c. | Penny files as a head of household and she has one dependent. |
d. | Penny is married and files a joint return with her husband. They have three dependents. |
e. | Penny files a separate tax return from her husband. She claims two dependent children on her return. |
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