Check to see if you can claim the IRS Saver’s Credit ...United Arab Emirates

Local News by : (Clarksville Online) -
Cedar Rapids, IA – The IRS offers an incentive to lower your tax bill when you save for retirement. Many taxpayers may be eligible to claim the Saver’s Credit, but they may not know that it exists. Also referred to as the Retirement Savings Contributions Credit, the Saver’s Credit can reduce federal income taxes for eligible taxpayers who save for retirement through a qualified retirement plan, such as a 401(k) or an Individual Retirement Account (IRA).  The 23rd Annual Transamerica Retirement Survey finds that fewer than half (49 percent) of workers are aware of the Saver’s Credit.

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