You'll need to sign in or create an account to connect with an expert.
401k contributions can only be made by payroll deduction and they are already subtracted from your box 1 taxable wages on your W-2. You can't take a separate deduction because your income was already reduced.
Yes, you don't have to claim the Retirement Savings Contributions Savers Credit
To remove the credit :
You won't qualify for the credit if you check that you were a full time student.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
gatormf
Returning Member
stephrusso907
New Member
monuma
Level 1
monuma
Level 1
monuma
Level 1