40 Self-Study Problem 7.9 Steve and Robin Harrington are married fing jintly taxpayers, both 61 years of age and seme-retired. Robes ears wages of $32,000 as a part-time school rarian and Steve sharpens knives as a hobby and their 2020 AGI is $39,500. Their tax liability before any credit is $1,473. The Harringtons are not eligible for any other tax credits Nether Harrington is active in any other income deferral plans. Because the Harringtons have limited financial needs, they also made an IRA corbution of $12,000 ($6,000 each) trying to get ready for retirement. Use the Form 8880 to determine the Harrington's Saver's Credit. Enter all amounts as positive numbers. Round your answers to one decimal place, if necessary. If your answer is zero, enter "0" Form 8880 Department of the Treasury Internal Revenue Service Name(s) shown on return Credit for Qualified Retirement Savings Contributions Robin and Steve Harrington CAUTION Attach to Form 1040, 1040-5, or 1040-NR. Go to www.irs.gov/Forma880 for the latest information. You cannot take this credit if either of the folowing apples OMB No. 1545-0074 2020 Attachment Sequence No. 54 Your social security number The amount on Form 1040 or 1040-SR, or 1040 NR, ne 11, is more than $32,500 (848,750 head of household; 965,000 marmed fling jointly) The person(s) we made the qualified contribution or elective deferral (a) was born after January 1, 2003; (b) is claimed as a-dependent on someone else's 2020 tax return; or (e) was a student (see instructi 1 Traditional and Roth IRA contributions, and ABLE account contributions by the designated beneficiary for 2020. De not include rollover contributions 2 Elective deferrals to a 401(k) or other qualified employer plan, voluntary employee contributions, and 501(c)(18)(0) plan contributions for 2020 (s instructions) 3 And ines 1 and 2. (b) Your spouse 1 6,000 6,000 2 . 6,000 6,000 Check My Work