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What are the amount of tax credit

Retirement Savings Contributions Credit

Response to the following problem:

Tom and Meg Wherry's joint tax return for 2014 shows $46,000 of AGI. During the year, Tom contributed $3,000 to his IRA and Meg contributed $1,500 to her IRA. What amount of tax credit is available for these contributions?

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Taxation: What are the amount of tax credit

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Taxation: What are the amount of tax credit

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