The Saver’s Credit is a commonly overlooked tax credit. Otherwise known as the Retirement Savings Contribution Credit, the Saver’s Credit helps eligible taxpayers offset the cost of saving for retirement. It’s been around a long time, and after calculating adjusted gross income, there are many who qualify for this credit (particularly with the new higher standard deductions).
This Saver’s Credit Fact Sheet includes additional details. You can distribute to your employee group as appropriate, or directly share the following information:
Are You Eligible for the Saver’s Credit?
Contact an M3 Financial Retirement Plan Consultant to learn more.
Investment advisory services offered through M3 Financial, a registered investment advisor and separate entity from M3 Insurance.