BillM223
Expert Alumni

Retirement tax questions

You probably do not qualify for the Saver's Credit.

 

The upper limit to be able to qualify for the Saver's Credit is based on your Adjusted Gross Income (AGI). This is line 11 on your form 1040.

 

The Standard Deduction is on line 12, so it does not factor into the AGI.

 

Please see this IRS webpage about the credit.

 

 

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