Will my income from a qualified retirement plan, all taxable, Box 7 is coded with a 7. Cause the 8880 to be nullified even if my wife contributes to her 401K and all income is under 38K.
tks all
bw
Form 8880 Ret Sav Credit
Feb 14, 2011
2 Replies
Yes, on a joint return. See what happens with Married, Filing Separately.
Phil Marti VITA/TCE Volunteer
This credit is limited by your AGI. If your AGI exceeds $27750 (single or MFS) there is no credit. On a joint return, the limit is $55,500.
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