The National Directory of Certified Public Accountants

Ask A CPA - Retirement Savings Credit

What Is The Definition Of A Student For Purposes Of Claiming The Retirement Savings Contribution Credit?

You cannot take the credit if you are a student. You were a student if during any part of 5 calendar months of the current year 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.

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