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Credit for retirement savings contributions-husband contributed 8,723, yet only giving credit of $200, that's not 10%, unless max is per person since I didn't contribute
The credit for retirement savings seems new to me this year, maybe due to cutoffs in previous years, not sure I've seen that before and we have been using turbotax for many, many years. However, my husband contributed $8,723 and it says based on our bracket it's 10% up to $400. I didn't work last year, so I didn't put any money into a retirement account. We do have Roth IRA, so I'm not sure if I make a contribution to that if we would get any more back. I just want clarification because turbotax deluxe only gave us a $200 credit for it. I'm not sure if it's per person or married filing jointly that the number is based on (that's how we file married filing jointly).
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‎June 6, 2019
2:03 AM