Form 8880 Savers Credit

[taxquestioner85]

Hello,

I am looking for the time paramaters  for a contribution that qualifies under form 8880. For IRA contributions, you are allowed to make a contribution from 1/1/xxxx until tax day of the following year. When filling out form, would you only count contributions made in 2020 alone and would it matter if you made a contribution in 2020 and marked it for tax year 2019 within your retirement account? I think some of the confusion with trying to claim this credit is the fact that there is a 16 month window to make contributions for a given tax year.

[AmeliesUncle]

The credit applies for contributions made FOR the year.  So if you are filing your 2020 tax return, you include contributions made FOR 2020.  It does not include contributions made in 2020 but "for" 2019.  But likewise, if you make any contributions "for" 2020 in the first few months of 2021, those would count.