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Deductions & credits
The Retirement savers credit is a low income credit and is non refundable. Frequently a taxpayer is eligible, but because he has no tax liability, he will not actually receive a credit.
Look at form 8880. Line 10 is your calculated credit. But, line 11 will show the actual amount you get based on your calculated tax liability. There is also a worksheet showing the calculation for line 11.
‎April 5, 2020
8:23 AM