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February 26, 2025
Question

Why is turbo tax using my gross income instead of AGI in qualifying for a retirement savings contribution credit?

  • February 26, 2025
  • 1 reply
  • 0 views
How do I fix this?

    1 reply

    DawnC
    Employee
    February 26, 2025

    TurboTax does use your AGI.  Gross income is on Line 9 of Form 1040 and AGI is on Line 11.   You qualify for the credit if you’re:

    • 18 or older
    • Not a full-time student
    • Not claimed as a dependent on someone else’s return

    In 2024 your adjusted gross income (AGI) also can’t be more than:

     

    • $76,500 if Married Filing Jointly
    • $57,375 if Head of Household (with qualifying person)
    • $38,250 if Single, Married Filing Separately, or Surviving Spouse with dependent child 
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