12/16/2021
Have you heard about Savers Credit?
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📌 To qualify for this, married couples filing jointly need an AGI of $41,001-$63,000 to get a credit for 10% of their retirement contribution.
📌 To qualify for the maximum credit of 50% of your contribution, your joint AGI cannot be more than $38,000.
📌 If you file as head of household, you qualify for the maximum credit with an AGI of less than $28,500.
📌 For other filing statuses, including single, married filing separate and qualifying widow, you’ll get the full credit with an AGI under $19,000 and a partial credit with AGI up to $31,500.
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