Low- and Moderate-Income Workers Have Opportunity to Get Credit to Save for Retirement

The IRS is detailing that low- and moderate-income workers can earn a special tax credit in 2013 by saving for retirement. The credit helps to offset part of the first $2,000 that workers voluntarily contribute to IRAs, 401(k)s, or similar retirement programs. This credit is called the retirement savings contributions credit and is available in addition to any other tax savings that apply.

Team PaycheckCityDec 04, 2013

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