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April 15, 2024
Question

Why is turbo tax automatically adding a $6 credit to retirement savings contribution credit ?

  • April 15, 2024
  • 1 reply
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1 reply

SteamTrain
Employee
April 15, 2024

Usually that happens if you had any retirement contributions noted in box 12 of your W-2 form.

 

Can also show up if  you made actual IRA contributions, but having it show up without having entered any IRA contributions  is due to the W-2, box 12 stuff.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*