Question

Jennifer's income is too high to qualify for the credit on Form 8880, Credit for Qualified Retirement Savings Contributions.A. TrueB. False

Answer 1

given statement is true

Step-by-step explanation:

solution

the given statement is true because

by encouraging, people of the lower income is contributing to their retirement savings account.

and IRS offers a tax credit for contributions to them for claim the retirement savings credit

so Jennifer must use IRS form 8880

and credit percentage decreases as the as AGI increases

so we can say given statement is true