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What Is the Savers Credit? - TurboTax Tax Tips & Videos
WebOct 15, 2024 · You can avoid getting the credit by telling TurboTax in the Retirement Savings Contributions Credit section that you were a full-time student, even if you were not. Doing so won't affect your tax return in any other way. The only reason I can see that you might want to decline the credit is if the tax reduction provided by the credit is less ... WebFeb 22, 2024 · To qualify for the credit in the 2024 tax year, adjusted gross income (AGI) can't exceed $68,000 for joint filers, $51,000 for head of household filers and $34,000 for any other filing status. The credit is a maximum $1,000 ($2,000 if married filing jointly). Credit amounts phase out based on AGI and filing status. david wright imeg
Report a Claim - GEICO
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