Retirement Savings Tax Credits
Showing 1 verified credit in this category
Estimates only — always confirm exact eligibility on IRS.gov or with a tax professional. See how we verify our data.
Up to $1,000 ($2,000 joint)
Check on IRS.gov ↗Saver's Credit (Retirement Savings Contributions Credit)
IRS · Non-refundable
A credit for contributing to an IRA or employer retirement plan, worth 10%, 20%, or 50% of your contribution depending on your income.
- ✓Must have made an eligible contribution to an IRA or employer-sponsored retirement plan
- ✓Must be 18 or older, not a full-time student, and not claimed as a dependent
- ✓Maximum qualifying contribution is $2,000 ($4,000 if married filing jointly)
- ✓Credit rate (10%, 20%, or 50%) is set by which income bracket you fall into
Max CreditUp to $1,000 (single) or $2,000 (married filing jointly)
Income RangeCredit percentage phases down as income rises — check current-year IRS thresholds
How to ClaimClaim it on Form 8880 attached to your federal tax return.