Examlex
Instructions: Please define the following key terms.
-League of Corinth
Retirement Savings Contributions Credit
A tax credit offered to low and moderate-income individuals and families who contribute to retirement accounts.
AGI
The total income minus allowable deductions, serving as a crucial metric for determining taxable income and eligibility for various tax benefits.
IRA
Individual Retirement Account, a tax-advantaged investing tool for individuals to earmark funds for retirement savings.
Contributed
To provide or donate something of value, often used in the context of contributing money to a retirement account or charity.
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