You'll need to sign in or create an account to connect with an expert.
Eligibility for the retirement savings credit is determined by your adjusted gross income:
50% of your contribution | AGI less than $39,500 | AGI less than $29,625 | AGI less than $19,750 |
20% of your contribution | $39,501 - $43,000 | $29,626 - $32,250 | $19,751 - $21,500 |
10% of your contribution | $43,001 - $66,000 | $32,251 - $49,500 | $21,501 - $33,000 |
0% of your contribution | AGI greater than $66,000 | AGI greater than $49,500 | AGI greater than $33,000 |
Also, your eligible contributions may be reduced by any recent distributions you received from a retirement plan or IRA, or from an ABLE account.
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.
mpapadop
Level 1
hnk2
New Member
Raph
Community Manager
in Events
x9redhill
Level 2
les_matheson
Level 2