What amount of tax credit is available for contributions

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Tom and Me g Wherry joint tax return for 2014 shows $46000 of AGI. During the year tom contributed $3000 to his IRA AND Meg contributed $1500 her IRA. What amount of tax credit is available for these contributions?

Reference no: EM13866782

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What amount of tax credit is available for contributions : Tom and Me g Wherry joint tax return for 2014 shows $46000 of AGI. During the year tom contributed $3000 to his IRA AND Meg contributed $1500 her IRA. What amount of tax credit is available for these contributions?
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