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grannyhot
New Member

How do I cancel retirement save credit? I made a mistake and need to remove.

How do I eliminate retirement saver credit?  
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2 Replies

How do I cancel retirement save credit? I made a mistake and need to remove.

Tell the software that you are a student, then the credit will be disallowed.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
AnnetteB6
Employee Tax Expert

How do I cancel retirement save credit? I made a mistake and need to remove.

If TurboTax has determined that you are eligible to claim the Saver's Credit based on your inputs, then following the advice given by xmasbaby0 will disqualify you from claiming the credit.

 

In order to maintain the integrity of your tax return and not accidentally change something else by saying you are a student, you can delete Form 8880 instead.

 

For TurboTax Online, use these steps:

 

  • Select Tax Tools, then Tools from the navigation panel on the left
  • Select Delete a Form
  • Scroll through the list to Form 8880
  • Select Delete

Caution: Once a form is deleted, it is gone for good.

 

For a CD/downloaded version of TurboTax, use these steps:

 

  • Click Forms in the upper right corner of the screen
  • Click on Form 8880 on the left side of the screen, scroll down if necessary
  • After the form is generated to the right, click the Delete Form button at the bottom of the screen
  • Follow any onscreen instructions to remove the form or forms

 

To learn more about the Saver's Credit to be sure you wish to delete it, take a look at the following TurboTax help article:

 

What Is the Savers Credit?

 

@grannyhot 

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