Form 1040 Instructions - 2015 Page 47

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The amount on Form 1040, line 38,
made (a) contributions, other than roll-
You were a student if during any part
is $90,000 or more ($180,000 or more if
over contributions, to a traditional or
of 5 calendar months of 2015 you:
married filing jointly).
Roth IRA (including a myRA); (b) elec-
Were enrolled as a full-time stu-
tive deferrals to a 401(k) or 403(b) plan
You, or your spouse, were a non-
dent at a school, or
resident alien for any part of 2015 unless
(including designated Roth contribu-
Took a full-time, on-farm training
tions) or to a governmental 457, SEP, or
your filing status is married filing joint-
course given by a school or a state,
ly.
SIMPLE plan; (c) voluntary employee
county, or local government agency.
contributions to a qualified retirement
You may be able to increase an edu-
A school includes a technical, trade,
plan (including the federal Thrift Sav-
cation credit if the student chooses to in-
or mechanical school. It doesn't include
ings Plan); or (d) contributions to a
clude all or part of a Pell grant or certain
an on-the-job training course, corre-
501(c)(18)(D) plan.
other scholarships or fellowships in in-
spondence school, or school offering
come.
However, you can't take the credit if
courses only through the Internet.
either of the following applies.
For more information, see Pub. 970,
For more details, use
Tax Topic 610
the instructions for line 68, and
1. The amount on Form 1040,
or see Form 8880.
line 38, is more than $30,500 ($45,750 if
Claim-an-Education-Credit%3F.
head of household; $61,000 if married
filing jointly).
Line 51
2. The person(s) who made the
qualified contribution or elective defer-
Retirement Savings
ral (a) was born after January 1, 1998,
Contributions Credit
(b) is claimed as a dependent on some-
(Saver's Credit)
one else's 2015 tax return, or (c) was a
student (defined next).
You may be able to take this credit if
you, or your spouse if filing jointly,
-47-
Need more information or forms? Visit IRS.gov.

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