Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Miscellaneous Credits

Retirement Savings Contributions Credit

Eligibility Requirements (continued)

To be eligible for the credit, taxpayers' contributions must be elective or voluntary. Eligible contributions include:

  • Traditional or Roth IRA contributions (other than rollover contributions)
  • Elective deferrals to a 401(k) or 403(b) plan (including designated Roth contributions), a governmental 457 plan, SEP, or SIMPLE plan
  • Voluntary employee contributions to a qualified retirement plan as defined in section 4974(c) (including the federal Thrift Savings Plan), or
  • Contributions to a 501(c)(18)(D) plan

Contributions designated under Internal Revenue Code section 414(h)(2) are treated as employer contributions and are not voluntary contributions made by the employee. They do not qualify for the credit and should not be included on Form 8880, line 2. This information is stated in the Form 8880 Instructions.