☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jan 21, 2021 12:43:18 PM

Retirement Savings Contribution Credit

This program says I have to upgrade to Deluxe ($30) for a Retirement Savings Contribution Credit of $4. I don't even know why I get this "Credit" because I have not contributed to any retirement savings plans. Is there a way to remove it? Or can someone tell me what it is for and WHY I have a $4 "Credit"?

0 3 560
3 Replies
New Member
Jan 21, 2021 12:45:05 PM

*** Correction, deluxe is $40

Expert Alumni
Jan 21, 2021 3:33:45 PM

In order to remove the Retirement Savings credit in order not to be forced to upgrade to Deluxe is to say that you were a full-time student in the Retirement Savings Contributions Credit section, even if you were not.  Doing so won't affect your tax return in any other way.

 

New Member
Mar 7, 2021 6:55:34 AM

This question has been removed from the Retirement section. There is no way to avoid this even if you claim you are a student in your personal info.