Fifty-three percent of U.S. workers are unaware of a tax credit that may help them save for retirement and lower their tax bill, according to survey findings from nonprofit Transamerica Center for Retirement Studies®(TCRS). The Saver's Credit, also referred to as the Retirement Savings Contributions Credit by the Internal Revenue Service (IRS), is available to millions of taxpayers who are saving for retirement.
Read the rest of the press release:
More Than Half of U.S. Workers Are Unaware of the IRS Tax Credit for Eligible Retirement Savers
Transamerica Center for Retirement Studies
Fact Sheet, Infographic, Press Release
Transamerica Center for Retirement Studies
Save for retirement now, get a tax credit later: Saver’s Credit can help low- and moderate-income taxpayers save more in 2025
Retirement Savings Contributions Credit (Saver's Credit)
Claiming the Credit: Form 8880 - Credit for Qualified Retirement Savings Contributions
Topic 610 - Retirement Savings Contributions Credit
IRS Resources
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Tax Credit to be Converted to “Saver’s Match” in 2027
Saver’s Match: Double-Digit Boost to Retirement Savings Possible
ASPPA | Feb 2025
SECURE 2.0’s Saver’s Match can close the retirement savings gap: Morningstar
Benefits Pro | Feb 2025
Treasury, IRS Advised for Simplicity, Public Push on Saver’s Match
Plan Sponsor | Nov 2024
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