Getting Paid for Retirement Savings
What could be better than an incentive to save, in the form of a tax credit that will reduce your taxes, and in doing so, help fund your retirement contribution? Yet many eligible individuals completely miss out on the Retirement Savers Contributions Credit. You may be eligible for this if you are age 18 or older, not a full-time student, and not claimed as a dependent on another person’s tax return. Here’s how it works.