Questions & Answers

What types of retirement contributions are eligible for the Retirement Savings Contributions Credit?

Menu Path: Deductions/Credits > Common Deductions/Credits > Retirement Savings Credit

You may be able to take the Retirement Savings Contributions Credit if you or your spouse made contributions to a traditional IRA, Roth IRA, 401(k), 403(b), 457, SEP, SIMPLE plan, 501(c)(18), other qualified retirement plan, or your own ABLE account. The Retirement Saver's Credit is only available to taxpayers with adjusted gross incomes of $65,000 or less on a Married Filing Joint return, $48,750 for Head of Household, and $32,500 for Single, Married Filing Separately, or Qualifying Widow(er) filing statuses.

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