turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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

and I don't want to upgrade turbo tax
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
Coleen3
Intuit Alumni

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.

Jackie41
New Member

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

DawnC
Employee Tax Expert

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

 

 

 

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

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies