Author Topic: Snagged saver's tax credit  (Read 1828 times)

markstache

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Snagged saver's tax credit
« on: February 05, 2014, 09:21:43 AM »
While doing our taxes last night I realized that a $1700 T-IRA contribution from my wife would push our AGI under 59k and allows us to get a 10% savers tax credit to the tune of $400. Luckily she has enough remaining on her 2013 contribution limit. I'm going to call that an immediate 23.5% return!



Honest Abe

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Re: Snagged saver's tax credit
« Reply #1 on: February 05, 2014, 12:57:52 PM »
Great catch!

jexy103

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Re: Snagged saver's tax credit
« Reply #2 on: February 06, 2014, 01:15:48 PM »
Nice work! It's pretty enlightening when you run the numbers ahead of time and run "what if" scenarios. :-)

 

Wow, a phone plan for fifteen bucks!