topic It will cost me more to file for the Retirement Savings Contribution Credit than I will benefit from it. Can I waive my credit? in Retirement tax questions

It will cost me more to file for the Retirement Savings Contribution Credit than I will benefit from it. Can I waive my credit?

emr2004 — Wed, 11 Feb 2026 04:01:35 GMT

I will have to pay $39.00 to file the Retirement Savings Contribution Credit. I will only save $28.00 in taxes. Can I waive taking the credit?

Re: It will cost me more to file for the Retirement Savings Contribution Credit than I will benefit from it. Can I waive my credit?

dmertz — Fri, 09 Feb 2024 02:19:32 GMT

You can remove the credit by indicating in the Retirement Savings Contribution Credit section that you were a full-time student.

Re: It will cost me more to file for the Retirement Savings Contribution Credit than I will benef...

MarilynG1 — Fri, 09 Feb 2024 02:23:14 GMT

While there is no way to officially 'waive' the Retirement Savings Contribution Credit, if you leave the entry off your W-2 in TurboTax, the program will not calculate it for you.

You could consider using an IRS Free File provider, and you'll be able to claim the credit.