Recent content by johnnyburger

jebmke, you were definitely right on. The way the credit is calculated is a little more complicated than I had thought. Looks like there is a credit limit based on one's tax liability as well. I think working through the entire form will be the best way to figure this out. kaneohe, you're right...

Will do. Thanks for the suggestion.

I've thought up this scheme that I'm almost sure will work, but I'm curious if anyone who has more experience with this stuff can find any problems with it. It goes like this: Say I will owe $2000 dollars in taxes this year. I contribute $4000 to a Roth IRA. I claim the Savers Credit, which is...