Skip to main content
March 17, 2025
Question

How do I change my return so I don’t claim retirement savings credit?

  • March 17, 2025
  • 2 replies
  • 0 views
How can I change my return so I don’t claim retirement savings credit?

2 replies

March 17, 2025

The Retirement Savings Contributions Credit, also known as the Saver's Credit, helps offset part of the first $2,000 workers voluntarily contribute to Individual Retirement Arrangements (IRAs), 401(k) plans and similar workplace retirement programs.

It is a 'non-refundable' credit. That means this credit can reduce the tax you owe to zero, but it can't provide you with a tax refund. 

To remove the credit :

  • Login to your account.
  • Select Federal from the left menu.
  • Go to Deductions and Credits 
  • Scroll down to Retirement savings contribution credit in the Retirement and Investments section
  • Continue to the screen Retirement savings contribution credit and answer Yes to the question "Were you a full time student during any five month in 2024?"

You won't qualify for the credit if you check that you were a full time student.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
Employee
March 17, 2025

You can tell the software you were a student so it will disqualify you for the saver credit and stop it from upgrading to Deluxe.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**