topic My Roth IRA is not employer sponsored (I opened it myself). Is it "a qualified retirement plan" and "may qualify for the retirement savings contribution/Saver's Credit)"? in Retirement tax questions

My Roth IRA is not employer sponsored (I opened it myself). Is it "a qualified retirement plan" and "may qualify for the retirement savings contribution/Saver's Credit)"?

naj — Mon, 03 Jun 2019 20:18:36 GMT

Yes, provided they are not excess contributions, your per...

dmertz — Mon, 03 Jun 2019 20:18:37 GMT

Yes, provided they are not excess contributions, your personal contributions to the Roth IRA are considered for the Retirement Savings Contributions Credit. Similarly, distributions from a Roth IRA reduce for several years the amount of new contributions considered for the credit.