2910862
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Can I opt-out of the Retirement Savings Credit so I don't have to pay for deluxe? The IRS says you don't have to take a credit, obviously; They hate giving away money.

If I can't opt-out in a set way, should I clear the 12a box of the W2 in order to go through the return, print it myself, and fix it? I'm not paying practically my whole refund to gain less money back overall because of the deluxe edition requirement.
If that doesn't seem wise, I'm just never using TurboTax again and am moving to the cheapest option. This is highway robbery.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

Can I opt-out of the Retirement Savings Credit so I don't have to pay for deluxe? The IRS says you don't have to take a credit, obviously; They hate giving away money.

@asteroider 

 

Supposedly...all you have to do is go thru the RSCC questions, and indicate that you were a full-time student during 2022...that is supposed to remove the credit, and doesn't actually commit you to being a student.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
DanaB27
Expert Alumni

Can I opt-out of the Retirement Savings Credit so I don't have to pay for deluxe? The IRS says you don't have to take a credit, obviously; They hate giving away money.

Yes, you can avoid claiming the retirement Savings Credit by following these steps:

 

  1. Login to your TurboTax Account 
  2. Click on the "Search" on the top and type “Retirement Credit” 
  3. Click on “Jump to Retirement Credit” 
  4. Continue until "Tell us if you were full-time students in 2022" and answer "Yes"

 

Please see What is the 2022 Saver's Credit? for additional information.

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question