Deductions & credits

Only the amounts contributed that show in box 12 are eligible for the Retirment Savings Contribution Credit (RSCC). 

 

Amounts that are supposed to show in box 14 are usually 414h plan contributions, and those are not eligible for the RSCC.

 

BUT...check with your employer

....is it a 414h plan?

 

(deleted stuff about IRAs...I'm just not sure)

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*