Can I claim the savers tax credit if I do not contribute to my retirement plan?

Read the rest of this entry »

My Boomer Tips

Can I claim the savers tax credit if I do not contribute to my retirement plan with my salary, but my employer contributes for me? I have a retirement plan and I do not contribute to it when the money I make, but my employer automatically contributes 2% on their own to my account. Can I claim that contribution amount on my taxes to receive the savers credit?

Tags: , , ,
You can follow any responses to this entry via RSS.
You can leave a comment or trackback from your own site.

One Response to “Can I claim the savers tax credit if I do not contribute to my retirement plan?”

  1. cakeypoo_24
    May 26, 2010 at 10:15 am

    is there anything in box 12 with a code D on your w-2?

    Yes? then you can get the credit.
    No? You cannot get the credit.


Leave a Reply

You must be logged in to post a comment.