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Get the free New Form 8880 - Credit for IRA/Elective Deferrals - The Pension ...

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February 2003 Published Since 1984 ALSO IN THIS ISSUE ? IRS Authorizes an Automatic Waiver of 60-Day Rollover Rule, Page 5 IRS Creates New Application Procedure for Waiver of 60-Day Rollover Rule,
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New form 8880 is a tax form used to claim the Retirement Savings Contributions Credit, also known as the Saver's Credit.
Individuals who make eligible contributions to a retirement savings account, such as a 401(k) or IRA, may be required to file new form 8880 to claim the Saver's Credit.
To fill out new form 8880, you need to provide information about your eligible retirement contributions, determine your adjusted gross income, and calculate the credit amount using the instructions provided with the form.
The purpose of new form 8880 is to allow individuals to claim the Saver's Credit, which provides a tax credit for eligible contributions made to a retirement savings account.
On new form 8880, you must report your eligible retirement contributions, including contributions made to traditional or Roth IRAs and employer-sponsored retirement plans.
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