runnerdude
Returning Member

Retirement Savings Contributions Credit (Saver’s Credit)

hi ...

 

can i claim the saver's tax credit if i have no  W2 income ?

 

i'm retired and my income is from social security , savings, interest income, etc ...

ie, i have no earned income ...

 

but my AGI is within the required limits to claim the credit ...

 

so if i contribute to a traditional IRA, can i claim the credit ?

 

the IRS website didn't say anything about having to have "earned income"

to claim the credit ...

 

thanks so much