Solved: My husband had elective deferrals to a 401k this year. Does that count as "contributing to a qualified retirement plan" for the retirement savings contribution credit?

My husband had elective deferrals to a 401k this year. Does that count as "contributing to a qualified retirement plan" for the retirement savings contribution credit?

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Yes, elective deferrals to a 401k qualify for the saver's credit. Contributions to anyone of the account below qualify.

Traditional or Roth IRA
SEP or SIMPLE IRA
401(k), including designated Roth 401(k)
403(b), including designated Roth 403(b)
Salary reduction SEP
Governmental 457 plan
Section 501(c)(18) plan

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Yes, elective deferrals to a 401k qualify for the saver's credit. Contributions to anyone of the account below qualify.

Traditional or Roth IRA
SEP or SIMPLE IRA
401(k), including designated Roth 401(k)
403(b), including designated Roth 403(b)
Salary reduction SEP
Governmental 457 plan
Section 501(c)(18) plan

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

Newly retired..my pension took out taxes first year automatic like I thought would always happen then the next year no taxes came out sent us a w-4p after the fact ?

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My husband had elective deferrals to a 401k this year. Does that count as "contributing to a qualified retirement plan" for the retirement savings contribution credit?

My husband had elective deferrals to a 401k this year. Does that count as "contributing to a qualified retirement plan" for the retirement savings contribution credit?

My husband had elective deferrals to a 401k this year. Does that count as "contributing to a qualified retirement plan" for the retirement savings contribution credit?

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My husband had elective deferrals to a 401k this year. Does that count as "contributing to a qualified retirement plan" for the retirement savings contribution credit?

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My husband had elective deferrals to a 401k this year. Does that count as "contributing to a qualified retirement plan" for the retirement savings contribution credit?

My husband had elective deferrals to a 401k this year. Does that count as "contributing to a qualified retirement plan" for the retirement savings contribution credit?

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