It asks me if I was a FT student for at least 5 months, so I selected yes, but then it says I can't claim it because I was a student for more than 5 months. It seems like I should be able to claim it, but the program won't let me.
This Turbo Tax bog says you can't be a full time student
https://turbotax.intuit.com/tax-tips/tax-deductions-and-credits/what-is-the-savers-credit/L3LyopRkK
Unfortunately, the IRS says you are not eligible for this credit.
https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-savings-contributions-savers-credit Check this site for details.
The site states:
You're eligible for the credit if you're:
You were a student if during any part of 5 calendar months of the tax year you:
Just want to clarify — is 5 months equivalent to one semester?
Replying to your question "Just want to clarify — is 5 months equivalent to one semester?"
That is not what the question it is asking, nor is it what the IRS specifies as the criteria.
The IRS criteria are listed in my previous response. I will rephrase what it says:
It says if you are NOT a student you may be eligible. So to be eligible, you must not be a student.
In part, it defines a student as "You were a student if during any part of 5 calendar months of the tax year you Were enrolled as a full-time student at a school" . . .
Thus, using these guidelines, answer the question - Were you a student.
2 Previous responses said NO.