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URL:  http://boards.fool.com/greetings-jo63-and-welcome-you-asked-just-15478206.aspx

Subject:  Re: RE: Tax Credit Date:  7/31/2001  2:22 PM
Author:  TMFPixy Number:  31071 of 78168

Greetings, Jo63, and welcome. You asked:

Just enjoyed reading your article on the Tax Credit for IRA and/or Roth IRA contributions. Although my total income is usually over $30,000 my AGI turns out to be around $600. Csn I take the credit against this tax bill? I'll assume yes, then will the excess credit be allowed toward the refund? I think not.

I note from your profile that you are retired. Therefore, you may or may not be employed by others or by yourself. If you do have job income, then you may make a contribution to a Roth IRA regardless of age and