dmertz
Level 15

Retirement tax questions

If you are asking about the Retirement Savings Contributions Credit, your husband's distribution of $3,000 that was not rolled over reduces the amount of both his and your retirement contributions considered for the credit by $3,000.  Since you only contributed $2,995, you are not eligible for the credit.

To receive any credit, you would have to contribute more than a total of $3,000.  For example, with his $3,000 distribution, if you contributed $4,000 to a retirement plan, your credit would be based on $1,000 of new retirement savings.  (You would also have to meet the other requirements.)

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