Retirement tax questions


@dmertz wrote:

If the Roth IRA contribution qualified you for a Retirement Savings Contributions Credit, that would explain the federal refund calculated on your amendment.  Check for a Form 8880 being included in your amendment.

 

However, reporting the contribution shouldn't change your state tax liability, so it seems that you could have made a mistake on the state amendment, perhaps not indicating a balance due that you paid.


2 extra comments.

 

The retirement savers credit can pay you up to 50% of the amount you save for retirement, depending on your income.  The rules are here.

https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-savings-contributions-save...

 

Also, make sure you are NOT entering a workplace retirement plan as if it was an IRA.  Qualified workplace plans (401k, 403b, etc.) are only reported on your W-2.  An IRA is an individual account that you set up with your own bank or broker.  If you report a workplace plan in the place for IRAs, that's wrong, and can sometimes cause other errors.