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Nd on Form 1040, line 50; Form 1040A, line 32; or Form 1040NR, line 47 . . . . . . . Enter the total of your credits from lines 45 and 46. X. 13 14 *See Pub. 590 for the amount to enter if you are filing Form 2555, 2555-EZ, or 4563 or you are excluding income from Puerto Rico. For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 33394D Form 8880 (2012) Page 2 Form 8880 (2012) General Instructions Section references are to the Internal Revenue Code. Future Dev.

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Your Adjusted Gross Income (AGI) must fall below the income limits for your filing status. For 2020, single filers with an AGI of $32,500 or more, head of household filers with AGI of $48,750 or more and joint filers with an AGI of $65,000 or more are ineligible to claim the credit.

Any money contributed to a retirement account that exceeds the allowable limit must be divested from the account within a certain time frame. 5 The returned portion of the contribution is not eligible for the saver's credit.

Taxpayers use IRS Form 8880 for the Qualified Retirement Savings Contribution Credit. As of 2021, the credit is available to single taxpayers with a maximum income of $33,000.

0:49 2:18 Suggested clip Learn How to Fill the Form 8880 Credit for Qualified ... - YouTubeYouTubeStart of suggested clipEnd of suggested clip Learn How to Fill the Form 8880 Credit for Qualified ... - YouTube

You're eligible for the credit if you're: Age 18 or older, Not claimed as a dependent on another person's return, and. Not a student.

Be age 18 or older. Not be a full-time student. Not be claimed as a dependent on someone else's tax return. Have made your retirement contribution during the tax year for which you are filing your return. Meet the income requirements.

These amounts may be shown in Box 12 of Form(s) W-2. From the Main Menu of the Tax Return (Form 1040) select: Credits Menu. Retirement Savings Credit (8880)

Use Form 8880 to figure the amount, if any, of your retirement savings contributions credit (also known as the saver's credit). ... You'll need to refigure the amount on Form 1040 or 1040-SR, line 11, if you're filing Form 2555 or Form 4563 or you're excluding income from Puerto Rico. See Pub.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232