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posted Jun 4, 2019 11:08:36 PM

Please explain disqualification for Retirement Savings Contribution Credit.

Born 1991.  AGI around $6000.  Not on parents' return.  Less than half time student.  No IRA distributions.  

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1 Best answer
Intuit Alumni
Jun 4, 2019 11:08:37 PM

If you AGI was $6000, you would have had no taxable income and therefore, no tax. The Saver's Credit is a non-refundable credit, which means the most it will do is decrease your tax.

1 Replies
Intuit Alumni
Jun 4, 2019 11:08:37 PM

If you AGI was $6000, you would have had no taxable income and therefore, no tax. The Saver's Credit is a non-refundable credit, which means the most it will do is decrease your tax.