either or both spouses give rise to the savers credit?
A-9: Yes, contributions by or for either or both spouses, up to $2,000 per year for each spouse, can give rise to the saver’s credit. Q-10: Are salary reduction and after-tax employee contributions that are eligible for the saver’s credit taken into account in the ADP and ACP nondiscrimination tests of sections 401(k) and (m) of the Internal Revenue Code? A-10: Yes. Salary reduction contributions to a 401(k) plan, whether or not those contributions give rise to the saver’s credit, are taken into account in the nondiscrimination test for salary reduction contributions (the ADP test) for plans subject to that test. Also, voluntary after-tax employee contributions to a qualified plan, whether or not those contributions give rise to the saver’s credit, are taken into account in the nondiscrimination test for employee after-tax contributions (the ACP test) for plans subject to that test.
