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Retirement tax questions
Thank you for your response. Of course I have tried to duplicate everything from my tax preparer in Turbo Tax and for the most part have been successful. For some reason, there is a slight difference between the QBI calculation from my tax preparer and Turbo Tax that I can't yet reconcile (which is an issue for later), but that does not appear to be the issue regarding the Savers Credit. The AGI is almost identical in both calculations and in both cases is less than the $65k needed to get the savers credit. The credits and taxable income are also both virtually identical - and the tax due is much higher than the Savers Credit should be. I had the maximum allowable IRA contributions (14k filing jointly) as well as additional 401k contributions and SIMPLE contributions - way over the amount needed to get the Savers Credit - which is clearly reflected in the return. I have never had any retirement plan distributions other than custodian to custodian rollovers and roth conversions, which I understand from the IRS instructions do not offset against contributions to calculate the Savers Credit. I am not a student - or aware of any other disqualifying factors. It would be helpful to have the 8880 filled out by Turbo Tax even if it resulted in no credit so it could illustrate what could be causing the credit to be set to 0. As far as I am concerned, I am totally qualified for this credit. I wouldn't be surprised if I entered something that is causing me not to get the credit but I have no idea what it could be. I have not been able to reach anyone at Turbo Tax to discuss the issue in person and would like advice on how to reach them. I keep getting automatically referred to the web site, which hasn't helped me yet.