All of the following taxpayers meet the modified adjusted gross requirements for the Retirement Savings Contributions ( Saver's) Credit. Which taxpayer is eligible to claim the credit on their 2023 return? 1) Alanna (25) is claimed as a dependent on her sister's return. This year, she worked as a freelance writer and contributed $2,000 to a Roth IRA. 2) Henry (19) is employed full-time by ABC, Inc, This year, elective deferrals of $5,000 were made to the company 401 (K) plan. 3) Marissa (17) is an emancipated minor who is not a dependent. She worked full-time as a dental receptionist. This year, she contribituted $1,000 to a Roth 401 (K) plan. 4) Karl (20) is afull-time student at Arkansas State University. This year, he worked part-time at a local restaurant and contributed $3,000 to a traditional IRA.
All of the following taxpayers meet the modified adjusted gross requirements for the Retirement Savings Contributions ( Saver's) Credit. Which taxpayer is eligible to claim the credit on their 2023 return?
1) Alanna (25) is claimed as a dependent on her sister's return. This year, she worked as a freelance writer and contributed $2,000 to a Roth IRA.
2) Henry (19) is employed full-time by ABC, Inc, This year, elective deferrals of $5,000 were made to the company 401 (K) plan.
3) Marissa (17) is an emancipated minor who is not a dependent. She worked full-time as a dental receptionist. This year, she contribituted $1,000 to a Roth 401 (K) plan.
4) Karl (20) is afull-time student at Arkansas State University. This year, he worked part-time at a local restaurant and contributed $3,000 to a traditional IRA.
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