Sophia has funded an ABLE account for her niece Isabelle who
Sophia has funded an ABLE account for her niece. Isabelle who is disabled. During 2018, Isabelle earned and contributed $2000 and Sophia contributed $15,000. What amount is the savers credit based on for Isabelle? A $0 B $2000 C $ 15,000 D $17000
Solution
Since the limit is $15000 for the year 2018. Correct answer will be the option C $15000.
Savers credit based on for Isabelle will be equal to $15000
