Form 8880
Form 8880
Credit for Qualified Retirement Savings Contributions
Every line is explained below in plain English — click any line to see what it means, who needs to fill it in, and what people commonly overlook.
Contributions
- 1 Traditional and Roth IRA Contributions Your contributions to a traditional IRA or Roth IRA during the tax year.
- 2 Elective Deferrals to Employer Plans Your elective deferrals to employer-sponsored retirement plans during the tax year.
- 3 ABLE Account Contributions Your contributions to an ABLE (Achieving a Better Life Experience) account during the tax year.
- 4 Total Contributions The sum of your IRA contributions (line 1), elective deferrals (line 2), and ABLE account contributions (line 3).
- 5 Certain Distributions Received Distributions you received from retirement accounts or ABLE accounts during a specific look-back period.
- 6 Net Contributions Your total contributions (line 4) minus certain distributions (line 5). [^1] If the result is zero or negative, you do not qualify for the Saver's Credit.