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Retirement saving contribution credit

I just got an letter from IRS they adjust my refund the reason was error on form 8880 ( 401k credit), I used turbo tax.  I know I am qualified for this credit. I do not know why there is an error.

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6 Replies

Retirement saving contribution credit

The IRS letter should tell you the reason why is was disallowed - what did it say?

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

Retirement saving contribution credit

The letter said that there is an error on calculation on my from 8880 ( credit for retirement contribution) and I can not find the error. I redo my tax return two time and I have same amount of credit.

Retirement saving contribution credit

The letter should tell you exactly what they thought was wrong.    If not then call the number on the letter for more information.     Nobody here can see your tax return to determine if there actually was an error of not.   The IRS does make mistakes.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

Retirement saving contribution credit

Turbo tax calculated the form 8880 ( retirement tax credit). Now IRS said that there is an error on computation of the credit on form 8880. I just have a simple tax return.

Retirement saving contribution credit

IRS found the error and corrected it.

You'll just have to live with the change made by the IRS. unless you choose to dispute it in writing.

Retirement saving contribution credit

There is very little the program could do wrong on a form 8880 ... this form goes off the user entries.  So if this was the ONLY thing the IRS changed/disallowed then the problem was probably what you answered or failed to enter  on this screen : 

 

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