For 2011, taxpayers may be able to claim the retirement savings contribution credit if their modified AGI is not more than:
- $56,500 for Married Filing Jointly
- $42,375 for Head of Household
- $28,250 for Single, Married Filing Separately, or Qualifying Widow(er)
Determining the Amount of the Credit
The credit can be as low as 10% or as high as 50% of a maximum annual contribution of $2,000 per person depending on filing status and AGI. http://www.irs.gov/pub/irs-pdf/f8880.pdf
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