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Rafael and Lucy Gonzalez, married taxpayers, each contribute $3,500 to their respective $ 401(k) plans offered through their employers. The AGI reported on the couple's
Rafael and Lucy Gonzalez, married taxpayers, each contribute $3,500 to their respective $ 401(k) plans offered through their employers. The AGI reported on the couple's joint return is $57,800. Determine their credit for retirement plan contributions (the Saver's Credit). Click here to access the "Saver's" Credit Rate and AGI Thresholds Table. As a result, they may claim a credit for their retirement plan contributions of $
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