Why does it keep adding a Retirement savings contr...
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

Why does it keep adding a Retirement savings contribution credit when I don't have a 401k

 
1 Reply
Employee Tax Expert

Why does it keep adding a Retirement savings contribution credit when I don't have a 401k

Did you make any Traditional or Roth IRA contributions during the year? It might be you had a 401K in the past and Turbo Tax is looking for that information to be entered in this year's return. Also check Box 12 of your W2 to see if there is anything listed with a code AA, D, E,EE, BB.  These are all considered deferred compensation plans that you can receive a retirement saving credit.

There may be other reasons but these are the most likely suspects. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Dynamic Ads
v
Privacy Settings