Saver’s Credit Could Boost Your Refund by $2K. Do You Qualify?: Believe it or not, the government will pay you to save.
I’m serious. Check this out.
It’s called the Saver’s Credit, and it’s one of the most valuable tax credits available. But sadly it’s one of the most overlooked.
If you’re a low- or middle-income worker, you can take this tax credit if you contribute to a 401(k), Roth IRA or traditional IRA — up to $1,000!
Not only do a lot of people forget about this credit, but tragically, too many low-income workers take a pass on the benefits of retirement investing because of the financial strain they worry it will have on their tight budgets.
But keep reading, and I’ll show you how to make saving a little easier.