OMB No. 1545-1805

8880 Credit for Qualified Retirement Savings Contributions Form

Department of the Treasury

Internal Revenue Service

Attachment

Sequence No. 129

 Attach to Form 1040 or Form 1040A. 

Name(s) shown on return Your social security number

For Paperwork Reduction Act Notice, see back of form. Form 8880 (2004)

Cat. No. 33394D

● The amount on Form 1040, line 37, or Form 1040A, line 22, is more than $25,000 ($37,500 if head of household;

$50,000 if married filing jointly).

You cannot take this credit if either of the following applies.

4

1

Traditional and Roth IRA contributions for 2004. Do not include rollover

contributions

1

3

2

5

6

7

8

9

10

11

12

13

14

Elective deferrals to a 401(k) or other qualified employer plan, voluntary

employee contributions, and 501(c)(18)(D) plan contributions for 2004

(see instructions) 

2

3 Add lines 1 and 2

Certain distributions received after 2001 and before the due date

(including extensions) of your 2004 tax return (see instructions). If

married filing jointly, include both spouses’ amounts in both columns.

See instructions for an exception 

4

5 Subtract line 4 from line 3. If zero or less, enter -0-

6 In each column, enter the smaller of line 5 or $2,000 

8 Enter the amount from Form 1040, line 37*, or Form 1040A, line 22

9 Enter the applicable decimal amount shown below:

Note: If line 9 is zero, stop; you cannot take this credit.

10 Multiply line 7 by line 9 

11 Enter the amount from Form 1040, line 45, or Form 1040A, line 28

Enter the total of your credits from Form 1040, lines 46 through 49, or

Form 1040A, lines 29 through 31

12

13 Subtract line 12 from line 11. If zero, stop; you cannot take this credit 

Credit for qualified retirement savings contributions. Enter the smaller of line 10 or line

13 here and on Form 1040, line 50, or Form 1040A, line 32

14

(a) You (b) Your spouse

● The person(s) who made the qualified contribution or elective deferral (a) was born after January 1, 1987, (b) is

claimed as a dependent on someone else’s 2004 tax return, or (c) was a student (see instructions).

7 Add the amounts on line 6. If zero, stop; you cannot take this credit 

*See Pub. 590 for the amount to enter if you are filing Form 2555, 2555-EZ, or 4563 or you are excluding income from Puerto Rico.

If line 8 is— 

Enter on line 9—

Single, Married filing 

separately, or 

Qualifying widow(er)

Over— But not 

over—

Married 

filing jointly

Head of 

household

---

$15,000

$16,250

$22,500

$24,375

$25,000

$30,000

$32,500

$37,500

$50,000

$15,000

$16,250

$22,500

$24,375

$25,000

$30,000

$32,500

$37,500

$50,000

---

.5

.5

.5

.5

.5

.5

.2

.1

.1

.0

.5

.5

.5

.2

.1

.1

.1

.1

.0

.0

.5

.2

.1

.1

.1

.0

.0

.0

.0

.0

X .

And your filing status is—

 See instructions on back.

2004

CAUTION
Form 8880 (2004) Page 2

General Instructions

Purpose of Form

Use Form 8880 to figure the amount, if any, of your

retirement savings contributions credit.

This credit may be claimed in addition to any IRA

deduction claimed on Form 1040, line 25, or Form

1040A, line 17.

You were a student if during any 5 months of 2004 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 technical, trade, and mechanical

schools. It does not include on-the-job training courses,

correspondence schools, or night schools.

Who Can Take This 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), 403(b), governmental 457, SEP, or

SIMPLE plan, (c) voluntary employee contributions to a

qualified retirement plan as defined in section 4974(c)

(including the Federal Thrift Savings Plan), or (d) contributions

to a 501(c)(18)(D) plan.

● The amount on Form 1040, line 37, or Form 1040A, line

22, is more than $25,000 ($37,500 if head of household;

$50,000 if married filing jointly).

However, you cannot take the credit if either of the

following applies:

● The person(s) who made the qualified contribution or

elective deferral (a) was born after January 1, 1987, (b) is

claimed as a dependent on someone else’s 2004 tax return,

or (c) was a student.

Specific Instructions

Column (b)

Complete column (b) only if you are filing a joint return.

Line 2

Include on line 2 any of the following amounts.

● Elective deferrals to a 401(k), 403(b), governmental 457,

SEP, or SIMPLE plan.

● Voluntary employee contributions to a qualified retirement

plan as defined in section 4974(c) (including the Federal

Thrift Savings Plan).

These amounts may be shown in box 12 of your Form(s) W-2

for 2004.

Line 4

Enter the total amount of distributions you, and your spouse

if filing jointly, received after 2001 and before the due date of

your 2004 return (including extensions) from any of the

following types of plans.

● Traditional or Roth IRAs.

● 401(k), 403(b), governmental 457, 501(c)(18)(D), SEP, or

SIMPLE plans.

Do not include any:

If you are filing a joint return, include both spouses’

amounts in both columns.

Example. You received a distribution of $5,000 from a

qualified retirement plan in 2004. Your spouse received a

distribution of $2,000 from a Roth IRA in 2002. You and your

spouse file a joint return in 2004, but did not file a joint return

in 2002. You would include $5,000 in column (a) and $7,000

in column (b).

Line 7

Add the amounts from line 6 columns (a) and (b), and enter

the total.

Paperwork Reduction Act Notice. We ask for the

information on this form to carry out the Internal Revenue

laws of the United States. You are required to give us the

information. We need it to ensure that you are complying

with these laws and to allow us to figure and collect the right

amount of tax.

You are not required to provide the information requested

on a form that is subject to the Paperwork Reduction Act

unless the form displays a valid OMB control number. Books

or records relating to a form or its instructions must be

retained as long as their contents may become material in

the administration of any Internal Revenue law. Generally, tax

returns and return information are confidential, as required by

section 6103.

The time needed to complete and file this form will vary

depending on individual circumstances. The estimated

average time is: Recordkeeping, 19 min.; Learning about

the law or the form, 9 min.; Preparing the form, 29 min.;

Copying, assembling, and sending the form to the IRS,

20 min.

If you have comments concerning the accuracy of these

time estimates or suggestions for making this form simpler,

we would be happy to hear from you. See the Instructions

for Form 1040 or Form 1040A.

● Contributions to a 501(c)(18)(D) plan.

Section references are to the Internal Revenue Code.

● Qualified retirement plans as defined in section 4974(c)

(including the Federal Thrift Savings Plan).

● Distributions not taxable as the result of a rollover or a

trustee-to-trustee transfer.

● Distributions from your IRA (other than a Roth IRA) rolled

over to your Roth IRA.

● Loans from a qualified employer plan treated as a

distribution.

● Distributions of excess contributions or deferrals (and

income allocable to such contributions or deferrals).

● Distributions of contributions made during a tax year and

returned (with any income allocable to such contributions) on

or before the due date (including extensions) for that tax

year.

● Distributions of dividends paid on stock held by an

employee stock ownership plan under section 404(k).

Exception. Do not include your spouse’s distributions with

yours when entering an amount on line 4 if you and your

spouse did not file a joint return for the year the distribution

was received.

TIP