topic 401A Plan for Credit in State tax filing

401A Plan for Credit

jotax4- — Mon, 08 Mar 2021 21:34:17 GMT

Does a 401A qualify for saver's credit in California? Are there any updates, so one yes answer and a no answer.

Bsch4477 — Mon, 08 Mar 2021 22:08:09 GMT

I don’t believe that there is a savers credit for California.

JotikaT2 — Mon, 08 Mar 2021 22:26:34 GMT

There is a Saver's credit on your federal returns, but there is not a corresponding credit that can be taken on the California return.

Please see the following links for more information.

jotax4- — Mon, 08 Mar 2021 23:17:23 GMT

On the saver's credit on federal, does a 401A plan qualify?

PattiF — Mon, 08 Mar 2021 23:37:36 GMT

No, the 401a plan does not qualify.

Here is a TurboTax article about the Savers Credit.