Would opening an IRA help my tax liability and enable me to get credit for retirement savings? I see I am over the limit for this tax credit that I received last year.

[apascoe57]

I still have time to open an IRA. I would like to lower my taxable income in order to receive credit for retirement savings. I am told I don't qualify for this credit because my earning were to high.

[AnnetteB]

If you are close enough to the threshold for qualifying for the Saver’s Credit that including a deductible Traditional IRA contribution would lower your income below the threshold, then yes, you could then qualify for the Saver’s Credit. 

You can go through the IRA Contribution section of your return to see how things could change if you were to make the contribution to a Traditional IRA and to determine what amount would optimize your refund if the Saver’s Credit became a factor. 

Take a look at the TurboTax article using the link here in order to see the income limits for the Saver’s Credit:  https://turbotax.intuit.com/tax-tools/tax-tips/Taxes-101/What-Is-The-Savers-Credit-/INF15617.html