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markbileto
New Member

Does Illinois Municiple Retirement fund qualify for credit for retirement savings?

 
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AndreaG
New Member

Does Illinois Municiple Retirement fund qualify for credit for retirement savings?

Yes. This is an eligible contribution for the retirement savings contribution credit. There are additional requirements concerning your age, AGI, status as a student, and whether you are a dependent taxpayer.  See page 47-48 of Pub 590A under the heading, "Retirement Savings Contributions Credit"  and "who can claim the credit" to learn more. https://www.irs.gov/pub/irs-pdf/p590a.pdf  

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AndreaG
New Member

Does Illinois Municiple Retirement fund qualify for credit for retirement savings?

Yes. This is an eligible contribution for the retirement savings contribution credit. There are additional requirements concerning your age, AGI, status as a student, and whether you are a dependent taxpayer.  See page 47-48 of Pub 590A under the heading, "Retirement Savings Contributions Credit"  and "who can claim the credit" to learn more. https://www.irs.gov/pub/irs-pdf/p590a.pdf  

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