I appear to qualify for the retirement savings contribution credit. But when I put in all of my information, it is telling me that I don't qualify which is false. Help?

[ashspain22]

I meet all four qualifications. What am I doing wrong?

[KrisD15]

To claim a Savers Credit, you must:

• Be age 18 or older.
• Not be a full-time student.
• Not be claimed as a dependent on someone else's tax return.
• Have made your retirement contribution during the tax year for which you are filing your return.
• Meet the income requirements.

In 2020, the maximum adjusted gross income for Savers Credit eligibility is:

• $65,000 for a married couple filing jointly,
• $48,750 for a head of household, and
• $32,500 for all other taxpayers.

Do you meet all these requirements? 

[ashspain22]

Yes, I meet each of these requirements.

[KrisD15]

Would you like us to look at the numbers on your return? 

If so, the numbers are sent to us, although all your Personal Information is blocked out, such as social security numbers, addresses and anything else that would tie to your identity. 

[SweetieJean]

 Rollover contributions do not qualify for the credit. 

Did you also receive any retirement benefits in 2020, such as Soc Sec, IRA, pension, 401(k)?  Those can disqualify you. 

Retirement Savings Contributions Savers Credit | Internal Revenue Service (irs.gov)

[dmertz]

This credit is a nonrefundable credit.  It cannot be used to reduce your income tax below zero, so if your income tax is already zero, you get none of this credit.  This credit can only be applied to income taxes, not other taxes such as self-employment tax.