Question

How do I remove Retirement Savings Contribution Credit?

Forum|Forum|6 years ago
February 2, 2020
1 reply
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TurboTax Self Employed Online

J

JohnW152

To remove the credit, you'll need to delete Form 8880, Credit for Qualified Retirement Savings Contributions.

Please see the TurboTax Help article "How do I view and delete forms in TurboTax Online?" for guidance.

T

thegravitytraveler

The previous answer is incorrect. If you remove this form, TurboTax will still see you have a Retirement Savings Contribution from box 12a (code 12D) of your W-2. The only way to avoid paying $60 for Deluxe and another $50 for a state, is to delete this **bleep**ty and deceptive Turbo Tax account and get a real free filing solution at the IRS website: https://apps.irs.gov/app/freeFile/browse-all-offers

M

MayaD

The Saver's Credit 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 2020?"

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

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