Yes. It does.
The saver's tax credit is a non-refundable tax credit available to eligible taxpayers who make salary-deferral contributions to employer-sponsored 401(k), 403(b), SIMPLE, SEP, or governmental 457 plans. It is likewise available to those who contribute to traditional and/or Roth IRAs.
There is however, on Line 4 for Form 8880, a possible disqualifier. Amounts taken in prior years can bring the credit to zero.
Line 4: Certain distributions received after 2016 and before the due date (including extensions) of your 2019 tax return (see instructions). If married filing jointly, include both spouses’ amounts in both columns.
Savers Credit
