Fillable Form 8880 - Credit For Qualified Retirement Savings Contributions

Form 8880 (2013)

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 2010 and before the due date of your 2013

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.

and its instructions, such as legislation enacted after they were

• 401(k), 403(b), governmental 457, 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, (b) elective deferrals to a 401(k), 403(b),

• Distributions of excess contributions or deferrals (and income

governmental 457, SEP, or SIMPLE plan, (c) voluntary employee

allocable to such contributions or deferrals).

contributions to a qualified retirement plan as defined in section

4974(c) (including the federal Thrift Savings Plan), or (d)

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

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 $29,500 ($44,250 if head of

• Distributions from a military retirement plan.

household; $59,000 if married filing jointly).

• Distributions from an inherited IRA by a nonspousal beneficiary.

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

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

deferral (a) was born after January 1, 1996, (b) is claimed as a

both columns.

dependent on someone else’s 2013 tax return, or (c) was a student.

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

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

▲

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

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

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

are excluding income from Puerto Rico. See Pub. 590

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

for details.

CAUTION

retirement plan in 2013. Your spouse received a distribution of

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

$2,000 from a Roth IRA in 2011. You and your spouse file a joint

2013 you:

return in 2013, but did not file a joint return in 2011. You would

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

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

Line 7

state, county, or local government agency.

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

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

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

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

Specific Instructions

1040, line 53. See Schedule R (Form 1040A or 1040) to figure the

credit.

Column (b)

Credit Limit Worksheet

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

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

Line 2

1. Enter the amount from Form 1040, line 46;

Include on line 2 any of the following amounts.

Form 1040A, line 28; Form 1040NR, line 44

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

2. Form 1040 filers: Enter the total of your

Roth contributions under section 402A), or to a governmental 457,

credits from lines 47 through 49 and Schedule

SEP, or SIMPLE plan.

R, line 22.

• Voluntary employee contributions to a qualified retirement plan as

Form 1040A filers: Enter the total of your

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

credits from lines 29 through 31.

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

Form 1040NR filers: Enter the total of your

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

credits from line 45 and 46

2013.

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

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

as employer contributions and as such they are not voluntary

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

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

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

credit and should not be included on line 2.

file this form

Form 8880 - Credit For Qualified Retirement Savings Contributions - 2013 Page 2

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