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(b), SEP, SIMPLE, or to the federal Thrift Savings Plan (TSP);
(c) voluntary employee contributions to a qualified retirement plan, as defined in section 4974(c) (including the federal TSP);
(d) contributions to a 501(c)(18)(D) plan; or
(e) contributions, as a designated beneficiary of an ABLE account, to the ABLE account, as defined in section 529A.

However, you can’t take the credit if either of the following applies.
• The amount on Form 1040, 1040SR, or 1040NR, line 11, is more
than $34,000 ($51,000 if head of household; $68,000 if married filing
jointly).
• The person(s) who made the qualified contribution or elective deferral
(a) was born after January 1, 2005; (b) is claimed as a dependent on someone else’s 2022 tax return; or (c) was a student.

You’ll need to refigure the amount on Form 1040 or 1040SR, line 11, if you’re filing Form 2555 or Form 4563 or you’re excluding income from Puerto Rico. See Pub. 590A for details.
You were a student if during any part of 5 calendar months of 2022
you:
• Were enrolled as a fulltime student at a school; or
• Took a fulltime, onfarm training course given by a school or a state,
county, or local government agency.
A school includes technical, trade, and mechanical schools. It
doesn’t include onthejob training courses, correspondence schools, or
schools offering courses only through the Internet.