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Saver's (Retirement) Credit Calculating as Single, Not Married Filed Jointly
Only receiving half of the saver's credit even though filing MFJ. Can override Form 8880 but then get error for electronic filing.
Line 5b of Form 8880 should have $2,000 for both columns but TurboTax only fills in the one for "You" and not your "Spouse." This leads to only a $200 credit and not the correct $400 one. This did not happen in 2020 under similar situation. I believe it was correctly calculated initially but then I played around with various additional contribution to look at different scenarios and it got out of whack. The "Spouse" passed away in 2021 but that should not have an impact.
Your help would be GREATLY appreciated!
Thanks,
Dan
Topics:
‎February 22, 2022
7:01 PM