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matty2d
New Member

My Retirement Savings Contribution Credit is only $200. I contributed over $2,000 to my 401k, and made under $27,000. Shouldn't I receiver 50% of my contribution?

 
1 Reply
KrisD
Intuit Alumni

My Retirement Savings Contribution Credit is only $200. I contributed over $2,000 to my 401k, and made under $27,000. Shouldn't I receiver 50% of my contribution?

Yes, if you are filing Married Filing Jointly or as Head of Household and the total household Adjusted Gross Income is $27,750 or under.

No if you are filing Single or Married Filing Separately. Then you only get 10%.

https://www.irs.gov/pub/irs-pdf/f8880.pdf


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