Taxpayers are permitted to contribute money to qualified retirement plans and receive very favorable tax benefits. Congress
Question:
a. Why did Congress enact this credit when such contributions already receive favorable tax treatment?
b. Briefly describe how the credit is computed.
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Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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