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What is the Savers Credit?

The Savers Credit is a refundable tax credit that rewards you for putting away for your retirement years. Taxpayers whose income is below the maximum threshold of $66,000 depending on filing status can enjoy a rebate of up to 50% of allowable contributions for funds put into a qualifying retirement vehicle. Remember, everyone’s tax situation is different!

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Disclaimer: Cash Coin Saavy is not intended as financial advice and any actions taken should be at the reader’s sole discretion. Although I am a Certified Financial Education Instructor and Qualified Tax Professional, all views and opinions expressed are my own.