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401A Plan for Credit

Does a 401A qualify for saver's credit in California? Are there any updates, so one yes answer and a no answer.

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401A Plan for Credit

On the saver's credit on federal, does a 401A plan qualify?

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PattiF
Expert Alumni

401A Plan for Credit

No, the 401a plan does not qualify.

 

Here is a TurboTax article about the Savers Credit.

 

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View solution in original post

4 Replies

401A Plan for Credit

I don’t believe that there is a savers credit for California. 

JotikaT2
Employee Tax Expert

401A Plan for Credit

There is a Saver's credit on your federal returns, but there is not a corresponding credit that can be taken on the California return.

 

Please see the following links for more information.

 

Saver's Credit information.

 

California credits

 

@jotax4-

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401A Plan for Credit

On the saver's credit on federal, does a 401A plan qualify?

PattiF
Expert Alumni

401A Plan for Credit

No, the 401a plan does not qualify.

 

Here is a TurboTax article about the Savers Credit.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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