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New Member
posted Feb 26, 2025 8:49:46 PM

My account says i have retirement savigs contribution of 26 dollars but i dont claim that or want it there , could i get rid of it ?

i definetly didnt apply for any retirement stuff , idk why it says i have that but i cant get rid of it for some reason , please help.

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1 Replies
Expert Alumni
Feb 27, 2025 6:51:05 AM

The retirement savings contribution credit( saver’s credit) is a nonrefundable tax credit for mid- and low-income taxpayers who contribute to a retirement account.

 

To remove the credit :

  • Login to your account.
  • Select Federal 
  • Go to Deductions and Credits 
  • Scroll down to Retirement savings contribution credit in the Retirement and Investments section
  • Continue to the screen Retirement savings contribution credit and answer Yes to the question "Were you a full time student during any five month in 2024?"

You won't qualify for the credit if you check that you were a full time student.