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bcomeau68
New Member

Does a Simple IRA work with the Retirement Savings Contribution Credit

 
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2 Replies
AmyC
Employee Tax Expert

Does a Simple IRA work with the Retirement Savings Contribution Credit

Yes, a SIMPLE IRA does qualify provided you meet the rest of the criteria.

For details, see Retirement Savings Contributions Credit (Saver’s Credit).

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dmertz
Level 15

Does a Simple IRA work with the Retirement Savings Contribution Credit

TurboTax automatically uses the amount shown with code S in box 12 of your W-2.  Enter this amount only in box 12 of TurboTax's W-2 form, nowhere else in TurboTax.

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