Will my income from a qualified retirement plan, all taxable, Box 7 is coded with a 7. Cause the 8880 to be nullified even if my wife contributes to her 401K and all income is under 38K.
tks all
bw
Will my income from a qualified retirement plan, all taxable, Box 7 is coded with a 7. Cause the 8880 to be nullified even if my wife contributes to her 401K and all income is under 38K.
tks all
bw
Yes, on a joint return. See what happens with Married, Filing Separately.
Phil Marti VITA/TCE Volunteer
This credit is limited by your AGI. If your AGI exceeds $27750 (single or MFS) there is no credit. On a joint return, the limit is $55,500.
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