Why is turbo tax automatically adding a $6 credit to retirement savings contribution credit ?

posted

Usually that happens if you had any retirement contributions noted in box 12 of your W-2 form.

Can also show up if you made actual IRA contributions, but having it show up without having entered any IRA contributions is due to the W-2, box 12 stuff.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

If we haven’t taken any money out of IRA account, we don’t need the value, only the contribution amount correct?

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Why is turbo tax automatically adding a $6 credit to retirement savings contribution credit ?

Why is turbo tax automatically adding a $6 credit to retirement savings contribution credit ?

Get more help

Do you have a TurboTax Online account?

Why is turbo tax automatically adding a $6 credit to retirement savings contribution credit ?

Do you have an Intuit account?

Why is turbo tax automatically adding a $6 credit to retirement savings contribution credit ?

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert