What amount can Jill claim for the Retirement Savings Contributions Credit for her $1,000 IRA contribution?

The amount that Jill can claim for the Retirement Savings Contributions Credit, also known as the Saver's Credit, depends on several factors, including her filing status, income level, and the amount she contributed to her retirement savings.

To qualify for the credit, a taxpayer must have adjusted gross income (AGI) below certain thresholds set by the IRS. If Jill's income exceeds these thresholds, she would not be eligible for any credit, which would result in her claiming $0.

Additionally, if Jill does not meet the criteria based on her filing status or age, this could further impact her ability to claim the credit at all. It's important to review the income limits each year, as they can change and directly affect eligibility. Therefore, assuming her income is too high or that she doesn't meet other criteria for the credit, Jill would justifiably claim $0 for her IRA contribution in this scenario.