topic Retirement Savings contri. credit requirement -- Not A Full Time Student. What if you worked full-time 3/4 of the year and full-time student since Sept.2018? (2018) in Education

Retirement Savings contri. credit requirement -- Not A Full Time Student. What if you worked full-time 3/4 of the year and full-time student since Sept.2018? (2018)

massachusetts1 — Sat, 01 Jun 2019 15:30:50 GMT

One requirement to qualify for the Retirement Savings Contribution Credit states, You are not a full-time student.

What if you worked full-time for 3/4 of year (2018), and began school full-time in Sept.2018 and continued work as part-time? Would you qualify for the requirement towards the Credit?

Thank you.

IRS Pub 969 defines a full-time student as follows: In yo...

dmertz — Sat, 01 Jun 2019 15:30:51 GMT

IRS Pub 969 defines a full-time student as follows:

Full-time student. You are a full-time student if, during some part of each of 5 calendar months (not necessarily consecutive) during the calendar year, you are either:

A full-time student at a school that has a regular teaching staff, course of study, and regularly enrolled body of students in attendance; or

A student taking a full-time, on-farm training course given by either a school that has a regular teaching staff, course of study, and regularly enrolled body of students in attendance, or a state, county, or local government.

You are a full-time student if you are enrolled for the number of hours or courses the school considers to be full time.

In your case, it appears that you were a full-time student in only 4 months of 2018, so you are not considered a full-time student for 2018 for the purpose of an HSA contribution.

So interesting. This would be a difficult credit to notic...

massachusetts1 — Sat, 01 Jun 2019 15:31:04 GMT

So interesting. This would be a difficult credit to notice. I would have thought any time enrolled as full-time student was all it took to dis-qualify from the Retirement Contribution Credit.
I appreciate it. thank you.
In the meantime, I realize that my contributions were via my employment at a company with a 401K plan. And these amounts don't count for the Retirement S.C. Credit.
Oh well.
Thanks again.

Elective deferrals or Roth contributions to your employer...

dmertz — Sat, 01 Jun 2019 15:31:17 GMT

Elective deferrals or Roth contributions to your employers 401(k), reported in box 12 of your W-2 with code D or code AA, respectively, do indeed count.

This further clarifies. And glad I mentioned that. Diffi...

massachusetts1 — Sat, 01 Jun 2019 15:31:19 GMT

This further clarifies. And glad I mentioned that. Difficult to know or find the answer. Thank you!