taxquestioner85
Returning Member

Form 8880 Savers Credit

Hello,

 

I am looking for the time paramaters  for a contribution that qualifies under form 8880. For IRA contributions, you are allowed to make a contribution from 1/1/xxxx until tax day of the following year. When filling out form, would you only count contributions made in 2020 alone and would it matter if you made a contribution in 2020 and marked it for tax year 2019 within your retirement account? I think some of the confusion with trying to claim this credit is the fact that there is a 16 month window to make contributions for a given tax year.