Helping out my brother-in-law - question about Savers Tax Credit.
It just says if AGI is below 18K and you're single, you get that 50% credit. If I can convince him to put 2K into a traditional IRA, that would push his AGI below the 18K cutoff.
Is that right?
If so, he'll net out something like $1400 in lower taxes, and have 2K working for him in an IRA.