Taxpayers who contributed to a retirement plan or an IRA may be eligible for the nonrefundable Qualified Retirement Savings contributions credit or saver's credit.

The amount of the credit is determined by the taxpayer’s filing status, adjusted gross income, credit rate or applicable percentage, and the taxpayer’s qualified contributions. The credit is reported on line 52 of Form 1040, or line 33 of Form 1040A.

Go to the Volunteer Resource Guide, Credits Tab, and review the page that includes Retirement Savings Contribution Credit.

	This credit may be claimed in addition to any IRA deduction claimed on Form 1040, line 32 or Form 1040A, line 17.