Resources to learn more
The Saver's Credit is an important tax credit that many American workers who save for retirement may be missing out on. The IRS' Retirement Savings Contributions Credit, also known as the Saver’s Credit, is available to eligible taxpayers who are saving for retirement through a qualified retirement plan at work or in a Traditional or Roth IRA. Workplace plans include: 401(k)s, 403(b)s, 457(b)s, 501(c)(18)s, SIMPLE IRAs, and SARSEPs. However, just slightly more than a third of American workers (36 percent) are aware of the credit, according to the 18th Annual Transamerica Retirement Survey. Below are resources for individuals, employers, and financial advisors to learn more about this important tax credit and to share with family, friends, employees, and clients.