Saturday Filing Season Tip: Savers Credit

May 5, 2015 by OSYB Staff

Taxpayers using the credit, formally known as the Credit for Qualified Retirement Savings Contributions, get an IRS cash bonus for their contributions to 401(k) plans and individual retirement accounts. It’s available for single filers with adjusted gross income up to $30,000 and joint filers earning up to $60,000. Read more here.