Worked OK for me.
MFJ.
...one spouse W-2 : 25,000 box 1...no retirement contributions
...second spouse W-2: 50,000 box 1...retirement contrib was: 10,000 box 12 code D (401k)
No interest, dividends or other income entered;
AGI....line 11 on 1040 is $75,000
.....Working thru the Savers Credit questions, in the interview for that credit:
........it generated $200 credit on line 12 of the form 8880 (10% of the $2000 limit)
................transfers as a $200 credit on Schedule 3 line 4...and also down to line 8
.............................which ends up as the $200 credit transferred to the 1040, line 20.
Don't see any problem there as long as you answered no to all the various questions in the Savers Credits interview.
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Even tried it with line 9 of the 1040 being 80,000 (i.e over the limit)
...put in a $5,000 deductible IRA contribution for the lowest earning spouse (no Retirment plan) .
....which puts $5,000 as a pre-AGI deduction on line 10 of the 1040
.........resulting in an AGI of 75,000 on line 11 of the 1040.
............The form 8880 then uses the 75,000 number, (and not the 80,000 which would have been over the limit)
.................resulting in a Savers Contribution credit of $400 ($200 for the original 401k person + $200 for the second)
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
