The Retirement Savings Contribution Credit (often called
Saver’s Credit) is based on contributions that you have made (or will make) to
either a retirement plan through your employer or to a Traditional or Roth IRA. The amount of Saver’s Credit that you may
qualify to receive is based on your income and the amount of contributions made
to retirement plans.
If you have made retirement plan contributions through your
employer, those will be reported in Box 12 of your W-2. If your W-2 only shows information with the
code DD and no other lines in Box 12, then that would indicate that there was
no retirement plan contribution. If you
feel that this is incorrect, you should contact your employer and request a
corrected W-2.
For more specific details about the Saver’s Credit or the
codes used for Box 12 of your W-2, use the links provided in the comment above.
