SAVING for retirement is a challenge if you’re on a tight budget. But you may qualify for a significant tax credit that will help you get started.
The Retirement Savings Contribution Credit, better known as the Saver’s Credit , is designed to encourage people with low and middle incomes to begin building their retirement nest eggs. Eligible taxpayers can claim a credit of up to $1,000 for single filers or $2,000 for married couples who file jointly. The credit is based on 10%, 20% or 50% of the first $2,000 ($4,000 for joint filers) contributed to retirement accounts, including 401(k)s, traditional IRAs and Roth IRAs. If you qualify, the lower your income, the higher the percentage of retirement plan contributions you’ll get back on your tax return.
Diese Geschichte stammt aus der February 2024-Ausgabe von Kiplinger's Personal Finance.
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Diese Geschichte stammt aus der February 2024-Ausgabe von Kiplinger's Personal Finance.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
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