Retirement saving contribution credit

Forum|Forum|5 years ago
October 30, 2020
1 reply
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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.

macuser_22

Alumni - Champ

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.**

Elyse0814Author

Level 2

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.

macuser_22

Alumni - Champ

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.**