Saver's Credit~ Did you get yours this time?

No replies

Fri, 04/17/2009 - 17:10

micharch

(Offline)

Joined: 02/22/2009

Posts: 479

The Saver’s Credit is a non-refundable tax credit. When you file your tax return, you or your tax preparer will need to include Form 8880, Credit for Qualified Retirement Savings Contributions. Depending on your income, you will receive a credit of between 10% and 50% of the amount you saved for retirement, up to $1,000 (single) or $2,000 (married). The total saved for retirement includes amounts you contributed to your 401(k) plan, your regular IRA, your Roth IRA, as well as several other qualified retirement plans.

http://retireplan.about.com/od/howtobegin/a/savers_credit.htm

Related Tips

6 Tax Credits Small Business Owners Often Miss High tax bills are a common lament of small business owners...

End of Pensions as We Know Them? If you have a vested pension (also known as a Defined Benefit Plan) you are probably in the minority today unless you've worked for a government entity...

"Making Work Pay" It may benefit you to check your tax situation now before you find out next April that you owe Uncle Sam some more $, or that your expected IRS refund may not be as hefty as you hoped it would be.

7 Financial Rules for the Post-Recession Economy Yes, you read it right. The recession is over. Sales have been up 6 months in a row, the wheels are starting to turn again and we may have already passed the peak of home foreclosures...

Bill Consolidation: A DIY Guide Taking on bill consolidation by yourself? You've likely seen the ads for companies that offer to consolidate all of your monthly payments into one payment with an overall lower interest rate and payment amount...

Saver's Credit~ Did you get yours this time?

Related Forum Posts

Related Tips