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 help you find out if you qualify for the Saver's Tax Credit.
2024 Saver’s Credit
Credit rate Married Filing Jointly Head of Household All Other Filers*
50% of your contribution AGI not more than $46,000 AGI not more than $34,500 AGI not more than $23,000
20% of your contribution $46,001 - $50,000 $34,501 - $37,500 $23,001 - $25,000
10% of your contribution $50,001 - $76,500 $37,501 - $57,373 $25,001 - $38,250
0% of your contribution more than $76,500 more than $57,375 more than $38,250

*Single, married filing separately, or qualifying widow(er)
2023 Saver’s Credit
Credit rate Married Filing Jointly Head of Household All Other Filers*
50% of your contribution AGI not more than $43,500 AGI not more than $32,625 AGI not more than $21,750

*Single, married filing separately, or qualifying widow(er)

Source: 401(k) limit increases to: $23,000 for 2024, IR-2023-203, Internal Revenue Service (Nov. 1, 2023)
A woman sits at a conference table across from a man wearing a suit.

Get the help you need

Talk with one of our Personal Retirement Consultants if you have questions. Neither Nationwide nor its representatives may offer tax or legal advice. You should consult your own counsel before making any decisions about plan withdrawals.

Contact us