Did you know that you may be eligible for a tax credit during tax season if you make eligible contributions to an employer-sponsored retirement plan or to an individual retirement arrangement?
The credit for Qualified Retirement Savings Contribution, or Saver’s Credit, helps to reduce tax liability if:
a.) You meet the income limits:
-Single, Married Filing Separately, or Qualifying Widow (er), with income up to $27,750

-Head of Household with income up to $41,625

-Married Filing Jointly with incomes up to $55,500

b.) You are at least 18 years old and not a full time student
c.) No one can claim you as a dependent.

We are hoping to bring more attention to this underutilized tax credit by offering an educational tool to check your eligibility. To learn more, please click this link:
Learn More About Taxes and Investing