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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On the saver's credit on federal, does a 401A plan qualify?
No, the 401a plan does not qualify.
Here is a TurboTax article about the Savers Credit.
I don’t believe that there is a savers credit for California.
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.
On the saver's credit on federal, does a 401A plan qualify?
No, the 401a plan does not qualify.
Here is a TurboTax article about the Savers Credit.
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