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Retirement tax questions
I am getting the 200.00 Savers Credit for both years.
In 2022, Box 12AA was 272.28 and that shows on Form 8880 Line 1 for 2022.
For this year, Box 12 AA had 1327.25. It does not show on Form 8880 Line 1.
But, guess what? I just discovered that TurboTax for 2022, Form 8880 Line 2 has added together Box D and Box 12AA together, 2,574.98 + 272.28 = 2,847.26. Line 3 shows 3,119. (272.28 too much) The Box 12AA amount of 272.28, is on Line 1 AND included in Line 2 !!!!
So, my 2023 Form 8880 is correct and 2022 was wrong.
But, it doesn't make any difference - I just like to compare my returns from year to year and note any differences. THANK YOU!
‎April 4, 2024
3:02 PM