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Old 01-11-2012, 08:14 PM
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Savers tax credit

I work for the state of AZ and have a mandatory retirement plan (Correctional officers retirement plan). The plan is a 401(a) defined benifit plan. Does this qualify for the savers tax credit?



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Old 01-13-2012, 01:02 AM
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“I work for the state of AZ and have a mandatory retirement plan (Correctional officers retirement plan). The plan is a 401(a) defined benifit plan. Does this qualify for the savers tax credit?”----> I don’t think so;these are the retirement accounts that qualify for the Saver’s Credit:A qualified IRA (Traditional or Roth IRA), or, 401(k), or, Governmental 457, or, SEP, or, SIMPLE plan, or, qualified retirement plan as defined in section 4974(c) (including the federal Thrift Savings Plan), or, a 501(c)(18)(D) plan.



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