What Is the Savers Credit?

Published by
The Street

By TurboTax The Savers Credit gives a special tax break to low- and moderate-income taxpayers who are saving for retirement. Formerly called the Retirement Savings Contributions Credit, the Savers Credit gives a special tax break to low- and moderate-income taxpayers who are saving for retirement. This credit is in addition to the other tax benefits for saving in a retirement account. If you qualify, a Savers Credit can reduce or even eliminate your tax bill. TurboTax Premier makes it easy and fast to import, upload, and accurately report your investments, effortlessly. You can auto import ove…

Read More

Leave a Reply