The saver’s tax credit helps people who earn modest incomes save more for retirement. Learn whether you qualify for it and the advantages it can provide.
If you meet income and other requirements and are eligible for the saver’s tax credit, you can claim this credit by completing IRS form 8880, Credit for Qualified Retirement Savings Contributions.
How to claim the Saver's Credit To claim the Saver's Credit, you need to complete Form 8880 (Credit for Qualified Retirement Savings Contributions) to calculate the amount of your credit.
The IRS encourages taxpayers to use its Interactive Tax Assistant tool to determine their eligibility for the Saver’s Credit. Additionally, taxpayers can consult Form 8880, Credit for Qualified ...
The saver’s tax credit, also referred to as the Retirement ... the income limits and other eligibility criteria can use IRS ...