Savers Credit

[dhk678]

I am low income. I made $26000 last year. My parents, God Bless them, gave me $6000 to put into a Roth IRA since I didn't have enough money to take it from my own income. Can I still claim the Savers Credit for the Roth IRA, even though the money came from a gift from my parents, and not my own earnings?

[ColeenD3]

Yes, the requirement is that you would have earned enough to make the contribution. You did. You can do whatever you want with a cash gift from your parents.