Question: Oscar, a 3 8 - year - old single taxpayer, contributed $ 2 , 0 0 0 to a traditional IRA. His modified adjusted gross

Oscar, a

38 -

year

-

old single taxpayer, contributed $

2, 000

to a traditional IRA. His modified adjusted gross income is $

30, 000,

all from wages. He has never taken a distribution from any retirement account. He is potentially eligible for a Retirement Savings Contributions Credit

(

Saver

'

s Credit

)

of up to what amount?

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