What contributions are allowed for the "Credit for Retirement Savings Contributions'? We contribute to a State Optional Retirement plan each pay period at a standard rate of 9%.
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Depending on your adjusted gross income reported on your Form 1040 series return, the amount of the credit is 50%, 20% or 10% of:
For more information, check: Retirement Savings Contributions Credit (Saver’s Credit)
Your state's ORP likely qualifies. Note that Turbotax will claim this for you automatically if you qualify. Your workplace contributions are reported on your W-2 in box 12, and as long as you enter your w-2 correctly, Turbotax will recognize those contributions and apply the credit if allowed.
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