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Retirement tax questions
It sounds like there is something on your return that is generating the credit.
Please see the link below for additional information on what Form 8880 is and how the credit is generated.
You can make the change in the federal section of the return in either of the following sections.
- First you can review your input in the Income & Expenses section of the program.
- Select Job (W-2)
- Click Edit/Add to the right of the Job (W-2)
- Review your input on the applicable job. Scroll down to Box 13. If you have marked Retirement Plan, make sure this box is checked on your W-2 as well. If it is not, you can uncheck it. But if the box on your W-2 is checked, leave it as it is reported on your W-2 form.
You can check the credit information in the following section.
- Select Deductions & Credits
- Scroll down to All tax breaks and select Retirement and Investments
- Select Retirement Savings Contribution Credit
- Proceed to answer any questions if applicable
TurboTax will take your input and determine if you are eligible or not eligible for the credit accordingly.
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February 17, 2021
12:19 PM