I dont have this Retirement Savings Contribution Credit

[dmertz]

Beware.  TurboTax presently has a bug where it tells you that you don't qualify for the credit, yet properly calculates and applies the credit.  If you go back through the Retirement Savings Contributions Credit section a second time, TurboTax will give you the true indication as to whether or not you qualify for the credit and the amount of your credit.

[Phillip1]

to claim the retirement savings contribution credit (saver’s credit).

You are eligible to claim the credit on your return if the following applies:

1. Age 18 or older;
2. Not a full-time student; and
3. Not claimed as a dependent on another person’s return.

The credit is based on contributions to an employer retirement plan like a 401k or contributions to an IRA (individual retirement account) you hold through a bank.

The amount of the credit is 50%, 20% or 10% of your retirement plan or IRA contributions up to $2,000 ($4,000 if married filing jointly), depending on your adjusted gross income (reported on your Form 1040 or 1040A). Use the chart below to calculate your credit.

The IRS has a calculation chart that can be found by clicking here

Contributions to any of the following retirement accounts will qualify for the credit.  

1. traditional or Roth IRA;
2. your 401(k),
3. SIMPLE IRA,
4. SARSEP,
5. 403(b),
6. 501(c)(18) or governmental
7. 457(b) plan;
8. and your voluntary after-tax employee contributions to your qualified retirement and 403(b) plans.