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I was a full time student from Jan-May, but started a job in September. If I file as a student, seems I'm no longer eligible for the retirement savings deductible?

 
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4 Replies
Ashby
New Member

I was a full time student from Jan-May, but started a job in September. If I file as a student, seems I'm no longer eligible for the retirement savings deductible?

That's correct. If you were a full-time student for any portion of at least 5 months out of the year, you are not eligible for the credit in that tax year. 

I was a full time student from Jan-May, but started a job in September. If I file as a student, seems I'm no longer eligible for the retirement savings deductible?

Technically I graduated in May and only attended classes till mid / end April. Can I remove my status as a student in order to get the retirement savings deductible, or would you not recommend that?
Ashby
New Member

I was a full time student from Jan-May, but started a job in September. If I file as a student, seems I'm no longer eligible for the retirement savings deductible?

Are you not eligible for any education credits? You do not want to lose those.

I was a full time student from Jan-May, but started a job in September. If I file as a student, seems I'm no longer eligible for the retirement savings deductible?

You're right, got it! Thanks
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