topic Credit for Qualifying retirement saving in Retirement tax questions

Credit for Qualifying retirement saving

mumtazali — Wed, 03 Apr 2024 04:09:37 GMT

It is showing me as Student in form 8880 whereas I did not select myself as student. Also it is not showing my 401K conribution as qualified contibution. I meet all criteria for qualification. Any Idea how to fix this issue?

Re: Credit for Qualifying retirement saving

xmasbaby0 — Wed, 03 Apr 2024 13:50:54 GMT

Click your name in MY INFO and go through the screens to see if you accidentally clicked that you were a student in 2023.

Re: Credit for Qualifying retirement saving

mumtazali — Wed, 03 Apr 2024 14:12:51 GMT

I did check that and I have not selected myself as student.

Re: Credit for Qualifying retirement saving

xmasbaby0 — Wed, 03 Apr 2024 14:25:12 GMT

Do you meet all of the other requirements to get the retirement saver credit?

1. not a full-time student

2. born on or before jan 1, 2006

3. no one else can claim you as a dependent

4. AGI does not exceed

$73,000 if filing MFJ

$54,750 if filing HOH

$36,500 if filing MFS, Single or qualified surviving spouse

Re: Credit for Qualifying retirement saving

mumtazali — Wed, 03 Apr 2024 14:39:34 GMT

Yes, I meet all of the requirements mentioned above. I suspect the software has a bug.

Re: Credit for Qualifying retirement saving

xmasbaby0 — Wed, 03 Apr 2024 14:48:36 GMT

To call TurboTax customer support

https://ttlc.intuit.com/questions/1899263-what-is-the-turbotax-phone-number

Customer support is available from 5 a.m. to 9 p.m. Pacific time