Retirement Savings Contributions Credit (Saver's Credit)
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 traditional or Roth IRA;
(b) elective deferrals to a 401(k) or 403(b) plan (including designated Roth contributions) or to a governmental 457, SEP, or SIMPLE plan;
(c) voluntary employee contributions to a qualified retirement plan (including the federal Thrift Savings Plan); or
(d) contributions to a 501(c)(18)(D) plan.
However, you cannot take the credit if either of the following applies.
1. The amount on Form 1040, line 38, is more than $29,500 ($44,250 if head of household; $59,000 if married filing jointly).
2. The person(s) who made the qualified contribution or elective deferral
(a) was born after January 1, 1996,
(b) is claimed as a dependent on someone else's 2013 tax return, or
(c) was a student (defined next).
You were a student if during any part of 5 calendar months of 2013 you:
Were enrolled as a full-time student at a school, or
Took a full-time, on-farm training course given by a school or a state, county, or local government agency.
A school includes a technical, trade, or mechanical school. It does not include an on-the-job training course, correspondence school, or school offering courses only through the Internet.
For more details, use TeleTax topic 610 or see Form 8880.