Turbo Tax is giving me a Retirement Savings Credit. I don't think I should have one, as I did make deferrals to my school district's 403B plan.
My W-2 does not reflect the deferrals. So when the questions for the Credit for Retirement Savings come up, it says I have made $0 regular elective contributions. It then proceeds to give me a credit and completes Form 8880.
I do have an IRA, but did not make any contributions to that in 2020. My husband has a 401K at work, which he makes elective deferrals to.
We both contributed to our employer plans last year and did not get the extra Savings Credit.
"My W-2 does not reflect the deferrals. " - are you saying that in box 12 of your W-2, there is not a code E with a dollar amount? And are you saying that box 1 is not smaller than box 3 by the amount of the 403(b) deferral? Is this 403(b) a Roth plan?
Are you filing married joint?
It sounds like maybe you need a corrected W-2.