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New Member
posted Jun 7, 2019 4:36:36 PM

What if i don't enter my 401k cause TurboTax makes me upgrade to the deluxe edition

So apparently if you have to file your 401k, tt wants you to upgrade to the deluxe edition. Which is stupid cause now I have to pay for state tax return. So instead of the free version I now have to pay over a $100 and only getting an extra 17 dollars on my return from the 401k. 

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1 Best answer
Expert Alumni
Jun 7, 2019 4:36:39 PM

If you are eligible for the Retirement Savings Credit (Savers Credit) but DO NOT want to claim it, you can elect to do so by indicating that you are a "full-time student" (even though you are not).  Indicating that you are a full-time student does not change your return in any way, except that it makes you ineligible for the Savers Credit.

To elect out of claiming the Savers Credit , even though you qualify to claim it, please follow these instructions:

  • Login to your TurboTax Account 
  • Click "Take Me To My Return"
  • Click "Federal" from the left side of your screen
  • Click "Deductions & Credits" from the top of your screen
  • Scroll down and click on "Retirement & Investments"
  • Click "Start" next to "Retirement Savings Contribution" 
  • Click "Yes" to "Did you contribute to a qualified retirement plan in 2018?"
  • Click "Yes" to "Were you a Full-Time Student for at least 5 months in 2018?"

Please click the link to this TurboTax FAQ for more information  What is the Savers Credit?

6 Replies
Expert Alumni
Jun 7, 2019 4:36:36 PM

Are you referring to the Retirement Savers Credit?

New Member
Jun 7, 2019 4:36:37 PM

I am

Expert Alumni
Jun 7, 2019 4:36:39 PM

If you are eligible for the Retirement Savings Credit (Savers Credit) but DO NOT want to claim it, you can elect to do so by indicating that you are a "full-time student" (even though you are not).  Indicating that you are a full-time student does not change your return in any way, except that it makes you ineligible for the Savers Credit.

To elect out of claiming the Savers Credit , even though you qualify to claim it, please follow these instructions:

  • Login to your TurboTax Account 
  • Click "Take Me To My Return"
  • Click "Federal" from the left side of your screen
  • Click "Deductions & Credits" from the top of your screen
  • Scroll down and click on "Retirement & Investments"
  • Click "Start" next to "Retirement Savings Contribution" 
  • Click "Yes" to "Did you contribute to a qualified retirement plan in 2018?"
  • Click "Yes" to "Were you a Full-Time Student for at least 5 months in 2018?"

Please click the link to this TurboTax FAQ for more information  What is the Savers Credit?

New Member
Jun 7, 2019 4:36:41 PM

Thank you. I love you.

Expert Alumni
Jun 7, 2019 4:36:42 PM

You're welcome lol

New Member
Jun 7, 2019 4:36:44 PM

I followed those steps, but its still trying to make me upgrade from free to some $102 junk. Am i missing something?