Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
O
ohcornwall
March 5, 2025
Question

retirement savings contribution credit exceeds tax liability therefore credit equals tax liability

  • March 5, 2025
  • 1 reply
  • 0 views
why isn't turbo tax generating F8880 for sch 3 F1040 line 4 indicating tax liability?

    1 reply

    B
    BillM223
    March 5, 2025

    Take a look at this thread in the Community and especially pay attention to the answers of dmertz.

     

    For example, he notes that the 8880 is not added to the return if no Saver's Credit is needed...but you might not apply nonrefundable credits in the same order as the IRS. So while you might think you deserve a credit, by the time TurboTax gets to it, because of other credits there may be no tax left to apply the Saver's Credit to (therefore, no 8880).

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
    TurboTax Sign In Widget
    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsCookie settingsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification