How to Claim the Saver's Credit
How to Claim the Saver's Credit © (Getty Images) Mature couple doing some paperwork and calculations at home 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 claimed in addition to any tax deduction you earn by contributing to a traditional retirement account. Here's how to qualify for the saver's credit on your 2021 tax return: Check the saver's credit income requirements. Save in a qualifying retirement account, such as a 401(k) or IRA. Cont...
Source: msn.com