Regarding the Retirement Savings Contribution credit. Married filing jointly we make too much and do not qualify. If we file separately I qualify. Can I do this?

fortwhitney · ‎June 3, 2019

Rachel_W · ‎June 3, 2019

Yes, if you meet the requirements for the Retirement Savings Contribution Credit (Savers Credit), you can claim it when filing Separately.

For the Married Filing Separate Filing Status, this credit begins to phase out when your Adjusted Gross Income (AGI) is $28,501 and is completely phased out when your AGI reaches $47,250.

Please click the link to this TurboTax FAQ for more information: What is the Savers Credit?

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Rachel_W · ‎June 3, 2019

Yes, if you meet the requirements for the Retirement Savings Contribution Credit (Savers Credit), you can claim it when filing Separately.

For the Married Filing Separate Filing Status, this credit begins to phase out when your Adjusted Gross Income (AGI) is $28,501 and is completely phased out when your AGI reaches $47,250.

Please click the link to this TurboTax FAQ for more information: What is the Savers Credit?

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Regarding the Retirement Savings Contribution credit. Married filing jointly we make too much and do not qualify. If we file separately I qualify. Can I do this?