A HEAD START FOR SAVERS
Kiplinger's Personal Finance|February 2024
The Saver's Credit is designed to help low- and middleincome taxpayers contribute to a retirement account.
ROCKY MENGLE
A HEAD START FOR SAVERS

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.

هذه القصة مأخوذة من طبعة February 2024 من Kiplinger's Personal Finance.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة February 2024 من Kiplinger's Personal Finance.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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