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nohas66
New Member

Can I receive a Retirement Savings Contribution Credit if I am taking the Standard Deduction?

 
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Accepted Solutions
rjs
Level 15
Level 15

Can I receive a Retirement Savings Contribution Credit if I am taking the Standard Deduction?

Yes, you can get the retirement savings contribution credit ("Saver's Credit") if you take the standard deduction. One thing has nothing to do with the other. A credit and a deduction are two different things. The credit is not a deduction.

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2 Replies
rjs
Level 15
Level 15

Can I receive a Retirement Savings Contribution Credit if I am taking the Standard Deduction?

Yes, you can get the retirement savings contribution credit ("Saver's Credit") if you take the standard deduction. One thing has nothing to do with the other. A credit and a deduction are two different things. The credit is not a deduction.

nohas66
New Member

Can I receive a Retirement Savings Contribution Credit if I am taking the Standard Deduction?

Great. I can't find where I would add the credit though.
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