TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 1

Question

How do I remove a retirement saving contribution credit?

Forum|Forum|7 years ago
June 3, 2019
7 replies
86 views

No text available

TurboTax Free Edition Online

whenry

Level 2

I had to go back and put in that I was a full time student to delete the saver's credit. It didn't make sense because I was not a full time student, but that's the only way I could file my return through the free turbo tax. I was getting a fake number saying "Congratulations you received a saver's credit of $125 for contributing to a retirement fund which I did not contribute to and I said "No" when asked if I contributed. Then the you must pay for deluxe or I could not put my return through. I kept deleting my return and starting over again 3 times before I figured out how to get around this glitch!!

sfulgham1

Level 2

By doing this you are filing an incorrect return.

dmertz

Level 15

Wrong. Indicating that you are a full-time student in this way has absolutely no effect on your tax return other than to cause Form 8880 to be omitted. You are not required to claim this credit. This answer to this question in the Retirement Savings Contributions Credit section of TurboTax is used nowhere else in TurboTax. For other purposes where TurboTax needs to know if you were a full-time student, TurboTax asks a separate question.

dmertz

Level 15

If TurboTax was giving you a $125 Saver's Credit, you either entered an IRA contribution (including possibly applying a prior-year excess contribution as a current-year contribution), a self-employed retirement contribution, your W-2 entry showed code D, E, F, G, H, S, AA, BB or EE in box 12 for a retirement contribution or you indicated that you made after-tax contributions to an employer plan. Without one of these, TurboTax would not be giving you this credit. So if you truly made no retirement contributions, one of the aforementioned entries is erroneous and needs correcting.

zwhawk

Level 2

I did not enter anything about an IRA. In fact, I cleared my form three times to make sure but at the end it wants to give me a $64 credit and says I must upgrade to file. After four times of making sure I didn't enter anything for a credit, I'm about to give up on Turbo Tax. Does anyone know how to get this off. I wasn't a full time student so I don't want to lie on the return.

dmertz

Level 15

You could also be eligible for the credit for an amount shown with code D, E, F, G, H, S, AA, BB or EE in box 12 of a W-2.

The $64 credit is more than the cost to upgrade, so there is no real reason not to if you've actually made a qualifying contribution (assuming that you can pay the upgrade cost without paying it out of your refund which should incur a service charge). If you really want to avoid the tax credit, in the Retirement Savings Contributions Credit section simply tell TurboTax that you were a full-time student.

ErinH

Level 9

Yes, you can delete the Form 8880 for the Saver's Credit to remove it from your return.

Select Tax Tools, then Tools from the navigation panel on the left.

Select Delete a Form
Scroll list for the form you need to delete (Form 8880)
Select Delete

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

ethan0pia

Level 2

I followed these steps and deleted the file, it said it was deleted, but did not actually delete it or remove the applied credit. I am unable to file without upgrading.

dmertz

Level 15

Form 8880 is auto-generated. It cannot simply be deleted. To cause TurboTax to remove Form 8880 from your tax return, indicate in the Retirement savings contributions credit section that you were a full-time student. This will have no effect on any other part of your tax return.

sshaf003

Level 2

You cannot delete it...you have to go to tax homes then click tools the you have to click clear tax forms and restart the whole process all over

zwhawk

Level 2

Cleared it three times and it comes back every time. Is this a ploy to get us to pay more? What happens if we get in trouble?

emevaladez

Level 2

That is not true, one more step is needed, what is it?

I keep deleting form 8880 and it keeps appearing with "retirement savings contribution credit" staying on.

DuBurke

Level 2

Having the same problem. There is no "tools" option on my end either though the app or the website on my computer

FangxiaL

Level 10

Clarify: what is the particular reason for removing the saver's credit?

A taxpayer qualifies for the credit if he has contributed to a 401(k) on the job or make contributions to a Traditional IRA or Roth IRA.

@DuBurke

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

dmertz

Level 15

For people who made only small retirement contributions or otherwise have only a small a tax liability, the cost to upgrade to a version of TurboTax that supports filing Form 8880 exceeds the amount of the credit, so claiming the credit costs them money unless they chose to abandon TurboTax and file some other way.