1 answer

Question 11 (1 point) The maximum retirement savings contributions credit for any taxpayer is $1,000. 1)...

Question:

Question 11 (1 point) The maximum retirement savings contributions credit for any taxpayer is $1,000. 1) True 2) False
Question 11 (1 point) The maximum retirement savings contributions credit for any taxpayer is $1,000. 1) True 2) False

Answers

True, As per IRS,the maximum contribution amount that may qualify for the credit is $2,000 ($4,000 if married filing jointly), making the maximum credit $1,000 ($2,000 if married filing jointly).

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