Retirement tax questions
Have you checked your tax liability?
It could be that your tax liability is already at zero or close to it, and therefore, as the Retirement Savings Contribution Credit is nonrefundable, you cannot get a refund for the remaining credit.
You can check your total tax selecting the black panel on the left of the program.
- Select "Tax Tools"
- Select "Tools"
- Select "View Tax Summary" in the box
On the next screen, you will be able to see a tax summary of your return. If the "Total Tax" shows zero, this could be a reason why you are not getting the retirement credit.
To get to the input screens again, click "Back" in the left black panel.
Please ensure you have entered all information from your W-2 (Wage) forms to ensure you have entered all of your retirement plan contributions as well.
Please see the attached for additional information on the requirements to claim and receive the credit.
