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March 7, 2025
Question

IRA contribution

  • March 7, 2025
  • 1 reply
  • 0 views

How do I qualify for the retirement contribution credit for tax year 2024

    1 reply

    DoninGA
    Employee
    March 7, 2025

    You're eligible for the credit if you're:

    1. Age 18 or older,
    2. Not claimed as a dependent on another person’s return, and
    3. Not a student.

    Go to this IRS website for the credit rate based on your AGI and Filing Status - https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-savings-contributions-credit-savers-credit