Can I take the deduction for my Traditional IRA contribution and still receive the Saver’s Credit?
Last Updated April 2, 2009
Question:
Can I take the deduction for my Traditional IRA contribution and still receive the Saver’s Credit?
Answer:
Yes. If you meet the eligibility requirements for both, you can claim both on your tax return. See the articles The Saver’s Credit- an Often Overlooked Retirement Savings Benefit and Active Participant Status–Can You Deduct Your IRA Contribution?