The Retirement Savings Contribution Credit (Form 8880), often referred to as the “Saver’s Credit,” is a nonrefundable tax credit for contributions made by an eligible taxpayer to a qualified ...

To claim the Saver’s Credit, you’ll need to use Form 8880 (Credit for Qualified Retirement Savings Contributions) when filing taxes. This form will be attached to your Form 1040, 1040-SR or ...

You can earn a Saver's Credit worth 10%, 20%, or 50% of your retirement account contribution. If you're married and file a joint return, you can get a nonrefundable credit worth up to $2,000.

If you contribute to a retirement-savings account like a traditional or Roth IRA, 401 (k), 403 (b), 457, Thrift Savings Plan, Simplified Employee Pension or SIMPLE plan, the Saver’s Credit will ...

For further details on qualifications, see IRS Form 8880, "Credit For Qualified Retirement Savings Contributions".

Though the maximum Saver’s Credit is $1,000 ($2,000 for married couples), the IRS cautioned that the credit is often much less and may be zero for some taxpayers. Factors include the taxpayer’s AGI, ...

Form 8880 is used to claim the Saver’s Credit, and its instructions have details on figuring the credit correctly.

“The saver’s credit is not available on the 1040 EZ form,” Collinson says. Form 8880 will allow you to calculate your credit, and this form can be attached to form 1040, 1040A or 1040NR.

Answer: In an effort to provide an incentive for low-income individuals to contribute to their retirement plans, Congress passed the Retirement Savings Contribution Credit (Form 8880), often ...

How to claim To claim the Saver’s Credit, you will need to fill out Form 8880 (see IRS.gov/pub/irs-pdf/f8880.pdf) and attach it to your Form 1040 or 1040NR when you file your tax return.