David and Olivia are married and filing a joint return for $2023.$ Their modified adjusted gross income $($MAGI$)$ is $$58,000.$ David contributed $$3,000$ to his employer's $401($k$)$ plan, and Olivia contributed $$5,000$ to her traditional IRA. Neither of them has ever taken a distribution from their retirement plan.

Assuming that they are not otherwise limited by their tax liability, what is the total amount of the Saver's Credit they can claim on their jointly filed return?

$$0($They are not eligible for the credit.$)$

$$100$

$$200$

$$40$