Low- and moderate-income workers who save for retirement in a 401(k) plan or individual retirement account could qualify for the saver's credit. This retirement savings contributions credit can be ...

Many people struggle to set aside the money they need to build up their retirement nest eggs, month by month. Fortunately, a nonrefundable tax credit, known as the retirement savings contributions ...

The Saver’s Credit has been around since 2001 and is designed to help encourage lower-income workers to save for retirement. In short, the Saver’s Credit incentivizes workers to invest in retirement ...

The SECURE 2.0 Act was recently signed into law by President Biden. Coming just a few years after the first SECURE Act, this legislation makes a bevy of changes designed to make it easier for ...

There's still time for some tax filers to qualify for a tax break known as the retirement saver's credit, or saver's credit, for 2023 taxes. Despite the incentive, only 5.7% of taxpayers claimed the ...

Dear Savvy Senior: Can you explain to me how the retirement saver’s tax credit works? My wife and I are in our 50s and are looking for creative ways to boost our retirement savings beyond our 401(k).

The Transamerica Center for Retirement Studies suggests policymakers reduce eligibility requirements to help make the saver’s credit more accessible. The saver’s credit, established by the Economic ...

The saver's credit can help lower your tax dues if you've been saving money for retirement, but there are a few things you should know about your eligibility. Thomas Kika Former Writer Thomas is a ...

Low- and moderate-income workers who save for retirement in a 401(k) plan or individual retirement account could qualify for the saver’s credit. This retirement savings credit can be claimed in ...

More: Can a health savings account help boost retirement funds? DEAR STRUGGLING: If your income is low to moderate and you participate in your employer-sponsored retirement plan or an IRA, the ...