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February 27, 2025
Question

My account says i have retirement savigs contribution of 26 dollars but i dont claim that or want it there , could i get rid of it ?

  • February 27, 2025
  • 1 reply
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i definetly didnt apply for any retirement stuff , idk why it says i have that but i cant get rid of it for some reason , please help.

    1 reply

    February 27, 2025

    The retirement savings contribution credit( saver’s credit) is a nonrefundable tax credit for mid- and low-income taxpayers who contribute to a retirement account.

     

    To remove the credit :

    • Login to your account.
    • Select Federal 
    • 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.

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