turbotax icon
turbotax icon
turbotax icon
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.

rafiques7
New Member

Credit for Retirement Savings Contributions

where to find
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.

1 Reply
LindaA
Expert Alumni

Credit for Retirement Savings Contributions

If you contribute to a retirement plan at work (401(k), 403(b), etc.) or to your own Individual Retirement Account (IRA) you may qualify for a Retirement Savings Contributions Credit (also called the Saver's Credit). To qualify for the Saver's Credit, you must be a nondependent age 18 or older and not a full-time student. Also, your income must be under a certain threshold based on your filing status (click the screenshot below for details). TurboTax will automatically see if you qualify for the Saver's Credit during the tax interview. 

Note: If you contributed to a retirement plan at work, the information will be reported in Box 12 of your W-2. If you contributed to an IRA, you'll need to enter this information in the IRA section of TurboTax. Please see the FAQs below for more information.


What is the Saver's Credit?  https://ttlc.intuit.com/replies/3301263

What do all the letter codes in Box 12 of my W-2 mean? https://ttlc.intuit.com/replies/3300234

Where do I enter my Traditional or Roth IRA? https://ttlc.intuit.com/replies/4792466
Use your Intuit Account to sign in to TurboTax.
By selecting Sign in, you agree to our Terms and acknowledge our Privacy Statement.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies