Fillable Form 8880 - Credit For Qualified Retirement Savings Contributions

Form 8880 (2017)

Page

General Instructions

Line 4

Enter the total amount of distributions you, and your spouse if filing

Section references are to the Internal Revenue Code.

jointly, received after 2014 and before the due date of your 2017

Future Developments

return (including extensions) from any of the following types of

plans.

For the latest information about developments related to Form 8880

• Traditional or Roth IRAs (including myRAs).

and its instructions, such as legislation enacted after they were

• 401(k), 403(b), governmental 457(b), 501(c)(18)(D), SEP, or SIMPLE

published, go to

plans.

Purpose of Form

• Qualified retirement plans as defined in section 4974(c) (including

the federal Thrift Savings Plan).

Use Form 8880 to figure the amount, if any, of your retirement

savings contributions credit (also known as the saver’s credit).

Do not include any:

This credit can be claimed in addition to any IRA

• Distributions not taxable as the result of a rollover or a trustee-to-

deduction claimed on Form 1040, line 32; Form 1040A,

trustee transfer.

TIP

line 17; or Form 1040NR, line 32.

• Distributions that are taxable as the result of an in-plan rollover to

your designated Roth account.

Who Can Take This Credit

• Distributions from your eligible retirement plan (other than a Roth

IRA) rolled over or converted to your Roth IRA.

You may be able to take this credit if you, or your spouse if filing

jointly, made (a) contributions (other than rollover contributions) to a

• Loans from a qualified employer plan treated as a distribution.

traditional or Roth IRA (including a myRA), (b) elective deferrals to a

• Distributions of excess contributions or deferrals (and income

401(k), 403(b), governmental 457(b), SEP, or SIMPLE plan,

allocable to such contributions or deferrals).

as defined in section 4974(c) (including the federal Thrift Savings

• Distributions of contributions made to an IRA during a tax year

Plan), or (d) contributions to a 501(c)(18)(D) plan.

and returned (with any income allocable to such contributions) on or

before the due date (including extensions) for that tax year.

However, you cannot take the credit if either of the following

applies.

• Distributions of dividends paid on stock held by an employee

stock ownership plan under section 404(k).

• The amount on Form 1040, line 38; Form 1040A, line 22; or Form

1040NR, line 37, is more than $31,000 ($46,500 if head of

• Distributions from a military retirement plan (other than the federal

household; $62,000 if married filing jointly).

Thrift Savings Plan).

• The person(s) who made the qualified contribution or elective

• Distributions from an inherited IRA by a nonspousal beneficiary.

deferral (a) was born after January 1, 2000, (b) is claimed as a

If you are filing a joint return, include both spouses’ amounts in

dependent on someone else’s 2017 tax return, or (c) was a student.

both columns.

You will need to refigure the amount on Form 1040, line

▲

Exception. Do not include your spouse’s distributions with yours

38, if you are filing Form 2555, 2555-EZ, or 4563 or you

when entering an amount on line 4 if you and your spouse did not

are excluding income from Puerto Rico. See Pub. 590-A

file a joint return for the year the distribution was received.

at for details.

CAUTION

Example. You received a distribution of $5,000 from a qualified

You were a student if during any part of 5 calendar months of

retirement plan in 2017. Your spouse received a distribution of

2017 you:

$2,000 from a Roth IRA in 2015. You and your spouse file a joint

• Were enrolled as a full-time student at a school, or

return in 2017, but did not file a joint return in 2015. You would

include $5,000 in column (a) and $7,000 in column (b).

• Took a full-time, on-farm training course given by a school or a

state, county, or local government agency.

Line 7

A school includes technical, trade, and mechanical schools. It

Add the amounts from line 6 columns (a) and (b), and enter the total.

does not include on-the-job training courses, correspondence

Line 11

schools, or schools offering courses only through the Internet.

Before you complete the following worksheet, figure the amount of

Specific Instructions

any credit for the elderly or the disabled you are claiming on Form

1040, line 54. See Schedule R (Form 1040A or 1040) to figure the

Column (b)

credit.

Credit Limit Worksheet

Complete column (b) only if you are filing a joint return.

Line 2

Complete this worksheet to figure the amount to enter on line 11.

1. Enter the amount from Form 1040, line 47;

Include on line 2 any of the following amounts.

Form 1040A, line 30; Form 1040NR, line 45

• Elective deferrals to a 401(k) or 403(b) plan (including designated

Roth contributions under section 402A), or to a governmental

2. Form 1040 filers: Enter the total of your

457(b), SEP, or SIMPLE plan.

credits from lines 48 through 50 and Schedule

R, line 22.

• Voluntary employee contributions to a qualified retirement plan as

defined in section 4974(c) (including the federal Thrift Savings Plan).

Form 1040A filers: Enter the total of your

• Contributions to a 501(c)(18)(D) plan.

credits from lines 31 through 33.

These amounts may be shown in box 12 of your Form(s) W-2 for

Form 1040NR filers: Enter the total of your

2017.

credits from lines 46 and 47

Note: Contributions designated under section 414(h)(2) are treated

as employer contributions and as such they are not voluntary

3. Subtract line 2 from line 1. Also enter this

contributions made by the employee. They do not qualify for the

amount on Form 8880, line 11. But if zero or

credit and should not be included on line 2.

less, stop; you cannot take the credit—do not

file this form

Form 8880 - Credit For Qualified Retirement Savings Contributions - 2017 Page 2

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