How do I change my return so I don’t claim retirement savings credit?

[lindseyhall742]

How can I change my return so I don’t claim retirement savings credit?

[MayaD]

The Retirement Savings Contributions Credit, also known as the Saver's Credit, helps offset part of the first $2,000 workers voluntarily contribute to Individual Retirement Arrangements (IRAs), 401(k) plans and similar workplace retirement programs.

It is a 'non-refundable' credit. That means this credit can reduce the tax you owe to zero, but it can't provide you with a tax refund. 

To remove the credit :

• Login to your account.
• Select Federal from the left menu.
• Go to Deductions and Credits 
• Scroll down to Retirement savings contribution credit in the Retirement and Investments section
• Continue to the screen Retirement savings contribution credit and answer Yes to the question "Were you a full time student during any five month in 2024?"

You won't qualify for the credit if you check that you were a full time student.

[xmasbaby0]

You can tell the software you were a student so it will disqualify you for the saver credit and stop it from upgrading to Deluxe.