You'll need to sign in or create an account to connect with an expert.
No- they don't. Only certain elective deferrals qualify for the Retirement Saving's Credit. 414(h) contributions are not deemed as elective employee contributions for this purpose- they are deemed as employer, not employee, contributions (aka "pick-up").
From the Form 8880 instructions:
Contributions designated under section 414(h)(2) are treated as employer contributions and as such they are not voluntary contributions made by the employee. They do not qualify for the credit and should not be included on line 2.
No- they don't. Only certain elective deferrals qualify for the Retirement Saving's Credit. 414(h) contributions are not deemed as elective employee contributions for this purpose- they are deemed as employer, not employee, contributions (aka "pick-up").
From the Form 8880 instructions:
Contributions designated under section 414(h)(2) are treated as employer contributions and as such they are not voluntary contributions made by the employee. They do not qualify for the credit and should not be included on line 2.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
helloTT102
New Member
dlj56
New Member
thinrichsen
Level 1
smroyal96
New Member
ricky-rasmussen-
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.