ThomasM125
Expert Alumni

Retirement tax questions

It is possible you are not getting the credit due to other reasons not related to your income. If you took taxable distributions from your retirement account within two years prior to the due date of your tax return that would reduce or eliminate the amount of your retirement savings contribution credit. Also, the credit could not be more than your net federal income tax. Those may be reasons you are not getting the credit. You can learn more from this TurboTax article

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