OMB No. 1545-0074

8880 Credit for Qualified Retirement Savings Contributions Form

Department of the Treasury

Internal Revenue Service

Attachment

Sequence No. 54

© Attach to Form 1040, Form 1040A, or Form 1040NR.

Name(s) shown on return Your social security number

For Paperwork Reduction Act Notice, see back of form. Cat. No. 33394D Form 8880 (2008)

● The amount on Form 1040, line 38; Form 1040A, line 22; or Form 1040NR, line 36 is more than $26,500 ($39,750 

if head of household; $53,000 if married filing jointly).

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

4

1

Traditional and Roth IRA contributions for 2008. 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 2008 

(see instructions) 

2

3 Add lines 1 and 2

Certain distributions received after 2005 and before the due date

(including extensions) of your 2008 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 

Enter the amount from Form 1040, line 38*; Form 1040A, line 22; or

Form 1040NR, line 36 

8

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 

Enter the amount from Form 1040, line 46; Form 1040A, line 28; or

Form 1040NR, line 43 

11

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 51; Form 1040A, line 32; or Form 1040NR, line 46

14

(a) You (b) Your spouse

● The person(s) who made the qualified contribution or elective deferral (a) was born after January 1, 1991, (b) is

claimed as a dependent on someone else’s 2008 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

---

$16,000

$17,250

$24,000

$25,875

$26,500

$32,000

$34,500

$39,750

$53,000

$16,000

$17,250

$24,000

$25,875

$26,500

$32,000

$34,500

$39,750

$53,000

---

.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.

CAUTION

Enter the total of your credits from lines 47 through 50.

Enter the total of your credits from lines 29 through 31.

Enter the total of your credits from lines 44 and 45. % 1040 filers:

1040A filers:

1040NR filers:

2008
Form 8880 (2008) Page 2

General Instructions

Purpose of Form

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

savings contributions credit (also known as the saver’s credit).

This credit can be claimed in addition to any IRA

deduction claimed on Form 1040, line 32; Form

1040A, line 17; or Form 1040NR, line 31.

You were a student if during any part of 5 calendar months of

2008 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 schools offering courses only through the Internet.

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 38; Form 1040A, line 22; or

Form 1040NR, line 36, is more than $26,500 ($39,750 if head of

household; $53,000 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, 1991, (b) is claimed as a

dependent on someone else’s 2008 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) or 403(b) plan (including

designated Roth contributions under section 402A), or to a

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 2008.

● 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 2008. Your spouse received a distribution of

$2,000 from a Roth IRA in 2006. You and your spouse file a joint

return in 2008, but did not file a joint return in 2006. 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 average time and expenses required to complete and file

this form will vary depending on individual circumstances. For the

estimated averages, see the instructions for your income tax

return.

If you have suggestions for making this form simpler, we would

be happy to hear from you. See the instructions for your income

tax return.

● 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 to an IRA 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

● Distributions from a military retirement plan.

If your economic stimulus payment was directly

deposited into your IRA, any amount left in the IRA as

a contribution may qualify for the credit. TIP

Do not include on line 4 any economic stimulus

payment directly deposited into your IRA that you later

withdrew.

CAUTION

Note. Contributions designated under section 414(h)(2) are

treated as employer contributions and as such they are not

voluntary contributions made by the employee. They do not

qualify for the credit and should not be included on line 2.

Line 4

Enter the total amount of distributions you, and your spouse if

filing jointly, received after 2005 and before the due date of your

2008 return (including extensions) from any of the following

types of plans.