Receive a tax credit if you save for retirement.
If you would like to contribute to a qualified retirement plans such as 401-K, 403-B, 457, SEP, SIMPLE IRA, KEOGH, IRA, or other qualified retirement plans, you may be eligible for a tax credit known as Retirement Savings Contributions Credit.
- Single, married filing separately, or qualifying widow(er), with income up to $27,750
- Head of Household, with income up to $41,625
- Married Filing Jointly, with income up to $55,500
- Form 8880, Credit for Qualified Retirement Savings Contributions
- Publication 590, Individual Retirement Arrangements (IRAs)
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