You'll need to sign in or create an account to connect with an expert.
You mean a Retirement Savings Contribution Credit, a tax credit, not a deduction.
Make sure that you have completed the Retirement Savings Contributions Credit section of TurboTax under Deductions & Credits to establish your eligibility for this credit. Note that this is a nonrefundable credit, so it can only be used to reduce income tax liability to zero, not below zero. It cannot be used to reduce other taxes.
You mean a Retirement Savings Contribution Credit, a tax credit, not a deduction.
Make sure that you have completed the Retirement Savings Contributions Credit section of TurboTax under Deductions & Credits to establish your eligibility for this credit. Note that this is a nonrefundable credit, so it can only be used to reduce income tax liability to zero, not below zero. It cannot be used to reduce other taxes.
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.
Gbird101
Level 1
simplemark1
New Member
swick
Returning Member
gangleboots
Returning Member
robin-binford
New Member