The Saver’s Credit: A Case Study About a Little-Known Tax Credit That Pays to Save for Retirement

It may sound too good to be true: a tax credit that can lower a taxpayer’s bill if he or she saves for retirement in a tax-favored retirement account. But yes, the IRS has a tax credit that pays people to save for retirement.

The Saver’s Credit, also referred to as the Retirement Savings Contributions Credit, is a tax credit above and beyond the tax-favored treatment of retirement accounts and is available to millions of Americans who meet certain income and eligibility requirements.

In an article from Aspen Institute, Catherine Collinson explains the benefits and details of Saver's Credit.

Read here.