Federal tax: Is it worth it to file the retirement savings credit form 8880?
I file my own taxes...this year I finally noticed the credit for my 401K (deferred from my paycheck). I couldn't figure how to do this form since it does not come with step by step instructions. I hate to pay someone...especially if it ends up with me losing money. I went to the IRS wesite....got no help there on this matter. Any help from you all would be greatly appreciated. Thanks in advance.
Public Comments
- If you meet the guidelines to claim it, yes it can be worth it. You don't have to pay someone to do it - just take it one line at a time starting at the top of the form and do what it tells you. If you have a problem with any of the lines, ask again here about what to do with that line. If you download the form at irs.gov there are instructions on page 2 that will download right along with the form.
