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I need help with correcting an error on the Retirement Savings Contribution Credit - the answer is no and it won't let me change it
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I need help with correcting an error on the Retirement Savings Contribution Credit - the answer is no and it won't let me change it
If you want to forgo the Saver's Credit, enter a disqualifier, such as, you were a full time student.
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I need help with correcting an error on the Retirement Savings Contribution Credit - the answer is no and it won't let me change it
Ive followed all instructions to remove the 8880 form and the lousy $4 credit. Not possible. It forces you to upgrade and pay to use their service, even though i never contributed one cent to any type of retirement saveer in 2020
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I need help with correcting an error on the Retirement Savings Contribution Credit - the answer is no and it won't let me change it
If you contributed to a 401K through your job, those amounts qualify for the credit, and TurboTax automatically generates Form 8880. Other savings plan contributions will generate the credit as well. Full-time students are not eligible to take the credit, so if you indicate that you were a full-time student, you won't qualify for the credit. @Jackie41
You can go back through the Retirement Savings Contribution Credit questions and edit your answers if you were a full-time student during any 5 months of 2020. It can be found in the Deductions and Credits section, under Retirement and Investments
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