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Form 880

Form 880

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Video instructions and help with filling out and completing Form 880

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Instructions and help about what is form 880

okay for this next video we're following the IRA contribution that John made to his traditional IRA for 2022. so in in this video we're going to discuss how to get an additional retirement tax credit for cash contributions you might have made to your retirement account during the year so uh what we're going to cover is the Form 8880 right that's necessary to include with your filing we're going to cover kind of high level what the policy intent is Behind These and then also look at the table that covers the the income phase outs based on your filing status and what the credit limits are Okay so the fact pattern again this is covered in the previous videos but what we had was John made no contributions to his Ira during the 2022 year but he went ahead and made it uh in the early part of 2023 before the deadline and so he's allowed to retroactively apply that to the 2020 taxes okay so John put in six thousand dollars to his traditional IRA

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