I have an ABLE account. Where should I enter the savers credit?

[RobertG]

In most situations, TurboTax will calculate the saver's credit for you based on your income and retirement contributions.

To check on your savers credit:

1. Select Tax Tools from the black menu pane on the left.
2. Then select Tools 
3. From the Tools Center screen select Topic Search
4. Type 8880 into the topic search box and select Go
5. This will take you to the savers credit.

Contributions to an ABLE account are not tax-deductible, but all investment earnings remain untaxed as long as money taken from the account is used for "qualified disability expenses." Such expenses include, among other things:

• Medical treatment
• Education, tutoring and job training
• Special-needs transportation
• Assistive technology
• Housing
• Legal and administrative fees