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 Feb 26, 2025 12:01:08 PM

Why is turbo tax using my gross income instead of AGI in qualifying for a retirement savings contribution credit?

How do I fix this?

0 1 1293
1 Replies
Expert Alumni
Feb 26, 2025 12:18:04 PM

TurboTax does use your AGI.  Gross income is on Line 9 of Form 1040 and AGI is on Line 11.   You qualify for the credit if you’re:

  • 18 or older
  • Not a full-time student
  • Not claimed as a dependent on someone else’s return

In 2024 your adjusted gross income (AGI) also can’t be more than:

 

  • $76,500 if Married Filing Jointly
  • $57,375 if Head of Household (with qualifying person)
  • $38,250 if Single, Married Filing Separately, or Surviving Spouse with dependent child