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What is a saver's credit when filing taxes?

Updated: 8/17/2019
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15y ago

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The saver's credit is officially called The Credit for Qualified Retirement Savings Contributions.

It is a federal tax credit for low and moderate income people who make a contribution to a retirement account such as an IRA, 401k, 403b, etc.

Fill out Form 8880 to see if you are eligible:

http://www.irs.gov/pub/irs-pdf/f8880.pdf

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