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Tag: Saver’s Credit

Save for Retirement Now; Get a Tax Credit Later

Posted on August 25, 2023September 25, 2023

A tax credit known as the Retirement Savings Contributions Credit is designed to offset a percentage of the initial $2,000 that taxpayers put toward their individual retirement accounts or other retirement accounts established through their employers. Also called the Saver’s Credit, this IRS-backed tax credit makes it possible for people with disabilities to contribute to […]

Posted in Personal TaxesTagged ABLE Account, Individual Retirement Accounts, retirement planning, Retirement Savings, Roth IRAs, Saver's Credit, Tax Credit, Tax Planning, Traditional IRAs
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