Savers Credit

If employees qualify for the Saver's Credit, they might be able to reduce their tax bill by up to $1,000 ($2,000 for a married couple filing jointly).  Requirements include: 

✔️Age 18 or older,

✔️Not claimed as a dependent on another person’s return, and

✔️Not a student.

✔️Have a maximum adjusted gross income that meets IRS requirements

Participant_Infographic_2024_Savers_Credit

.pdf

Download PDF • 720KB

Check Eligibility: Explore the IRS’s Interactive Tax Assistant tool for the Saver’s Credit. 

https://www.irs.gov/help/ita/do-i-qualify-for-the-retirement-savings-contributions-credit