Retirement Savings Credit Question

[gfizer]

Do employee contributions to Kentucky Teachers Retiremement qualify for the retiremement savings credit? As you know, the instructions list a variety of plan types and voluntary employee contributions to a qualified retirement plan as defined in section 4974©. Kentucky Teachers Retirement System is a defined benefit plan qualified under Section 401(a) of the IRC. Section 4974©(1) says a 'qualifed retirement plan' means a plan described in section 401(a) which includes a trust exempt from tax uder section 501(a).

I think this means that the contributions, which are reported in box 14 (not box 12) of the w-2 as "Retirement" qualify for the credit but this late in the game my brain is fried and I'm second guessing myself. What do you guys think?

Thanks!

[joanmcq]

Don't think so....has to be voluntary, like a 401k or an IRA.