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Retirement tax questions
You mean a Retirement Savings Contribution Credit, a tax credit, not a deduction.
Make sure that you have completed the Retirement Savings Contributions Credit section of TurboTax under Deductions & Credits to establish your eligibility for this credit. Note that this is a nonrefundable credit, so it can only be used to reduce income tax liability to zero, not below zero. It cannot be used to reduce other taxes.
March 29, 2020
4:52 AM
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