Reply To: Savers Credit Followup

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Alan S.

If taxpayer did not file an extension for 2016, the testing period ends on 4/15. Perhaps this extension provision reflects SEP IRAs for which a contribution deadline is also extended by filing an extension.

Taxpayer could make the additional contribution for 2018 up to 4/15/2019. If they then withdraw 1k (not through return of contribution) after 4/15 it will not affect the 2018 savers credit.