Uncle Sam helps you save more

Find out if you're eligible for the Saver's Credit.

The Saver's Tax Credit rewards low and moderate income taxpayers who are working hard and need more help saving for retirement. If you qualify, it gives you a federal income tax credit on your federal income tax return – just for investing for retirement through your IRA, 403(b), 457 and/or 401 plan.

The Saver's Tax Credit is a non-refundable income tax credit that could reduce your federal income tax liability to $0.

Your eligibility depends on two things: your filing status and your modified adjusted gross income.

These charts helps you find out if you qualify for the Saver's Tax Credit.

Filing Status/Adjusted Gross Income for 2014
Amount of Credit Joint Head of Household Single/Others
50% of first $2,000 deferred $0 to $36,000 $0 to $27,000 $0 to $18,000
20% of first $2,000 deferred $36,001 to $39,000 $27,001 to $29,250 $18,001 to $19,500
10% of first $2,000 deferred $39,001 to $60,000 $29,251 to $45,000 $19,501 to $30,000
Filing Status/Adjusted Gross Income for 2015
Amount of Credit Joint Head of Household Single/Others
50% of first $2,000 deferred $0 to $36,500 $0 to $27,375 $0 to $18,250
20% of first $2,000 deferred $36,501 to $39,500 $27,376 to $29,625 $18,251 to $19,750
10% of first $2,000 deferred $39,501 to $61,000 $29,626 to $45,750 $19,751 to $30,500

Source: IRS Announces 2015 Pension Plan Limitations, Internal Revenue Service, IR-2014-99 (Oct. 23, 2014)

Get the help you need

Talk with one of our Account Executives to find out more and develop an investment plan for your retirement goals.

Information provided by Account Executives is for educational purposes only and not intended as investment advice. Please contact your tax advisor for more information. Investing involves market risk, including possible loss of the money invested.

NRW-2393NY-NY.8
Modal Dialog Start Close

You are going to a page that is not part of this website

We make no endorsement of its content or guarantee of its accuracy. If the Continue button does not work, the page may have been moved or removed.

Please consider logging out of your account before you proceed.

Modal Dialog End