Is the Credit for Qualified Retirement Savings Contributions refundable?

Sep 07, 2018

Is the retirement savings contributions credit (Saver’s Credit) refundable, partially refundable, or nonrefundable?

The Credit for Qualified Retirement Savings Contributions filed on Form 8880, also known as the “Saver’s Credit,” is a nonrefundable credit.  
For more resources, check out PICPA’s Money & Life Tips, Ask a CPA, or CPA Locator.

Answered by: Nicholas R. Roczko, CPA, is with Roczko & Associates in Murrysville, Pa.

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