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March 26, 2025
Question

I do not want to upgrade from the simple form yet turbotax keeps giving me a $40 tax credit for having a work retirement 401k. How do I remove this credit?

  • March 26, 2025
  • 1 reply
  • 0 views
When I go back to the credit and deduction section it just says I'm getting this deduction, but there's no where for me to remove it, as the question assist tells me to do.

1 reply

Employee
March 26, 2025

You can disqualify yourself from the saver credit if you tell the software you were a student.

 

 

Or—-Use this IRS site for other ways to file for free.  There are 8  free software versions available from the IRS Free File site

 

https://apps.irs.gov/app/freeFile/

 

Or—if you live in certain states you may be eligible to use the new IRS Direct File

 

 

In Filing Season 2025, Direct File will be available in Alaska, Arizona, California, Connecticut, Florida, Idaho, Kansas, Maine, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Oregon, Pennsylvania, South Dakota, Tennessee, Texas, Washington, Wisconsin, and Wyoming. 

 

https://directfile.irs.gov/

 

https://home.treasury.gov/news/press-releases/jy2629

 

**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.**