I have a question about the IRA Tax Credit. Why don’t I qualify for the retirement savings contribution credit / Saver’s Credit?

Answer

To be eligible for the retirement savings contribution credit/Saver’s Credit, you must meet all of these requirements:

You make voluntary contributions to a qualified retirement plan for 2018.
You’re at least age 18 by the end of 2018.
You weren’t a full-time student during any part of five calendar months in 2018.
Another person can’t claim you as a dependent.
Your modified adjusted gross income (AGI), based on your filing status, isn’t more than:
- Married filing jointly — $61,500
- Married filing separately — $30,750
- Single — $30,750
- Head of household — $46,125
- Qualifying widow(er) — $30,750