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March 8, 2023
Question

I did not claim any education credits. Can I claim the Saver’s Credit?

  • March 8, 2023
  • 1 reply
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I was a student from Jan 28 2022 to May 24 2022. I also held a full time job and contributed to both a 401k and Roth IRA. Although I was considered a full time student, I didn’t claim any education credits.
I meet all requirements to claim the saver’s credit, except for the fact that I was a full time student. I understand that  the credit is not allowed for students as we already have education credits available to us. 
Can I claim the saver’s credit, given the fact that I didn’t claim any education credits?

1 reply

Critter-3
March 8, 2023

No ... if you are a student then you cannot have the saver's credit even if you don't take the education credit. 

 

https://www.irs.gov/pub/irs-pdf/f8880.pdf