topic Re: How do I remove a retirement saving contribution credit? in Retirement tax questions

How do I remove a retirement saving contribution credit?

elliem93 — Mon, 03 Jun 2019 23:41:35 GMT

I had to go back and put in that I was a full time studen...

whenry — Mon, 03 Jun 2019 23:41:36 GMT

I had to go back and put in that I was a full time student to delete the saver's credit. It didn't make sense because I was not a full time student, but that's the only way I could file my return through the free turbo tax. I was getting a fake number saying "Congratulations you received a saver's credit of $125 for contributing to a retirement fund which I did not contribute to and I said "No" when asked if I contributed. Then the you must pay for deluxe or I could not put my return through. I kept deleting my return and starting over again 3 times before I figured out how to get around this glitch!!

If TurboTax was giving you a $125 Saver's Credit, you eit...

dmertz — Mon, 03 Jun 2019 23:41:38 GMT

If TurboTax was giving you a $125 Saver's Credit, you either entered an IRA contribution (including possibly applying a prior-year excess contribution as a current-year contribution), a self-employed retirement contribution, your W-2 entry showed code D, E, F, G, H, S, AA, BB or EE in box 12 for a retirement contribution or you indicated that you made after-tax contributions to an employer plan. Without one of these, TurboTax would not be giving you this credit. So if you truly made no retirement contributions, one of the aforementioned entries is erroneous and needs correcting.

Yes, you can delete the Form 8880 for the Saver's Credit...

ErinH — Mon, 03 Jun 2019 23:41:39 GMT

Yes, you can delete the Form 8880 for the Saver's Credit to remove it from your return.

Select Tax Tools, then Tools from the navigation panel on the left.

Select Delete a Form
Scroll list for the form you need to delete (Form 8880)
Select Delete

Caution: Once a form is deleted, its gone for good.

I followed these steps and deleted the file, it said it w...

ethan0pia — Mon, 03 Jun 2019 23:41:41 GMT

I followed these steps and deleted the file, it said it was deleted, but did not actually delete it or remove the applied credit. I am unable to file without upgrading.

I had the same issue. I cleared the forms and started ove...

HaimeB123 — Mon, 03 Jun 2019 23:41:42 GMT

I had the same issue. I cleared the forms and started over, entered the same information, and was able to complete and file without being forced to upgrade. I don't know what the issue was.

Same issue happened. TurboTax devs, you need to fix it

rostost — Mon, 03 Jun 2019 23:41:44 GMT

Same issue happened. TurboTax devs, you need to fix it

Same here. This is an issue that TT needs to fix asap.

vwmarci — Mon, 03 Jun 2019 23:41:46 GMT

Same here. This is an issue that TT needs to fix asap.

Pretty sure it is by design

mytaxusername01 — Mon, 03 Jun 2019 23:41:48 GMT

Pretty sure it is by design

Form 8880 is auto-generated. It cannot simply be deleted...

dmertz — Mon, 03 Jun 2019 23:41:50 GMT

Form 8880 is auto-generated. It cannot simply be deleted. To cause TurboTax to remove Form 8880 from your tax return, indicate in the Retirement savings contributions credit section that you were a full-time student. This will have no effect on any other part of your tax return.

You cannot delete it...you have to go to tax homes then c...

sshaf003 — Mon, 03 Jun 2019 23:41:51 GMT

You cannot delete it...you have to go to tax homes then click tools the you have to click clear tax forms and restart the whole process all over

That is not true, one more step is needed, what is it? I...

emevaladez — Mon, 03 Jun 2019 23:41:53 GMT

That is not true, one more step is needed, what is it?

I keep deleting form 8880 and it keeps appearing with "retirement savings contribution credit" staying on.

Re: Yes, you can delete the Form 8880 for the Saver's Credit...

cndtax — Mon, 22 Jun 2020 01:28:00 GMT

Won't allow you to delete the form anymore, it automatically repopulates after it says it has been deleted successfully. Maddening.

Re: Yes, you can delete the Form 8880 for the Saver's Credit...

dmertz — Mon, 22 Jun 2020 01:56:18 GMT

The suggestions to simply delete the Form 8880 were invalid; it has never been possible to simply delete the auto-generated Form 8880. To cause the form to be removed, you must indicate to TurboTax that you do not qualify for the credit by indicating in the Retirement Savings Contributions section that you were a full time student.

Re: If TurboTax was giving you a $125 Saver's Credit, you eit...

zwhawk — Sun, 21 Mar 2021 22:13:51 GMT

I did not enter anything about an IRA. In fact, I cleared my form three times to make sure but at the end it wants to give me a $64 credit and says I must upgrade to file. After four times of making sure I didn't enter anything for a credit, I'm about to give up on Turbo Tax. Does anyone know how to get this off. I wasn't a full time student so I don't want to lie on the return.

Re: You cannot delete it...you have to go to tax homes then c...

zwhawk — Sun, 21 Mar 2021 22:17:21 GMT

Cleared it three times and it comes back every time. Is this a ploy to get us to pay more? What happens if we get in trouble?

Re: If TurboTax was giving you a $125 Saver's Credit, you eit...

dmertz — Sun, 21 Mar 2021 22:22:02 GMT

You could also be eligible for the credit for an amount shown with code D, E, F, G, H, S, AA, BB or EE in box 12 of a W-2.

The $64 credit is more than the cost to upgrade, so there is no real reason not to if you've actually made a qualifying contribution (assuming that you can pay the upgrade cost without paying it out of your refund which should incur a service charge). If you really want to avoid the tax credit, in the Retirement Savings Contributions Credit section simply tell TurboTax that you were a full-time student.

Re: If TurboTax was giving you a $125 Saver's Credit, you eit...

Izzy1556 — Thu, 08 Apr 2021 23:07:04 GMT

so my credit equals $2 which I thought was a lot low. This $2 will cost me $98 to file my federal and state return. I was not a full time student and don't want to get in trouble for lying on my tax return. Any suggestions?

Re: If TurboTax was giving you a $125 Saver's Credit, you eit...

dmertz — Fri, 09 Apr 2021 01:13:00 GMT

Telling TurboTax that you were a full-time student does not create a false indication on your tax return, it only serves to prevent TurboTax from allowing the credit. You are fibbing to TurboTax, not to the IRS.

Re: If TurboTax was giving you a $125 Saver's Credit, you eit...

Dawn 2 — Fri, 16 Apr 2021 04:29:57 GMT

I tried changing return to reflect student status to remove the $59 credit for retirement contribution. It removed it and lowered the return amt by $59 but when I tried to file the new excuse that required me to upgrade was that I paid excessive social security tax. So I changed it back and it only showed the retirement contribution reason again. But it wants $150 for a $59 credit. I am switching to HR Block and see what that program does.